Below is a short video highlighting the current real estate conditions and activity in Lower Makefield, PA.
Welcome to June’s market update. Let’s take a look at residential real estate activity in Lower Makefield Twp during the month of May.
The number of active listings was down 10% from one year earlier and up 13% 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 $520,000. Compared to last year the average number of days that unit spent on the market before being sold was down 17%. This lower number of days may signal of positive trend in the local inventory turnover rate. The median sale price was just under $430,000. The number of units sold decreased 15% year-over-year and increase 21% month-over-month. Despite a slight annual decrease this upwards monthly sales trend indicates positive momentum.
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.