Below is a short video highlighting the current real estate conditions and activity in Fairless Hills, PA.
Welcome to June’s Market update. Let’s take a look at residential real estate activity in Fairless Hills during the month of May.
The number of active listings was down 52% from one year earlier and down 9% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see the median listing price for the month was $250,000. Compared to last year, the average number of days that units spend on the market before being sold was down 22%. This lower number of days may signal a positive trend in the local inventory turnover rate. The median sale price was just under $240,000. The number of units sold increased 42% year-over-year, and increased 21% month-over-month. These figures May indicate that buyers have been taking advantage of opportunities in this market.
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.