Doylestown’s bustling downtown is home to small shops, restaurants, taverns, museums and the historic County Theater. Below is a short video highlighting the current real estate conditions and activity in Doylestown, PA.
Welcome to June’s Market update. Let’s take a look at residential real estate activity in Doylestown during the month of May.
The number of active listings was down 23% from one year earlier and up 16% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see the median listing price for the month was just under $580,000. Compared to last year the average number of days that unit spent on the market before being sold was down 31%. This lower number of days may signal a positive trend in the local inventory turnover rate. The median sale price was just under $410,000. The number of units sold decreased 3% year-over-year and decrease 2% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms.
We hope you use this information to make smart, informed decisions in your upcoming real estate transaction. Feel free to contact us for more information or further assistance.