Below is a short video highlighting the current real estate conditions and activity in Lower Makefield, PA.
Welcome to February’s market update. Let’s take a look at residential real estate activity in Lower Makefield, PA during the month of January.
The number of active listings was down 34% from one year earlier and up 11% 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 $540,000. Compared to last year the average number of days that units have been on the market before being sold was up 12%. This higher number of days may signal a slowdown in the local inventory turnover rate. The median sale price was $370,000. The number of units sold decreased 7% year-over-year and decreased 34% 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 me for more information or further assistance.