Below is a short video highlighting the current real estate conditions and activity in Lower Makefield, PA.
Welcome to August’s market update. Let’s take a look at residential real estate activity in Lower Makefield Twp during the month of July.
The number of active listings was down 35% from one year earlier and down 11% from the previous month. This smaller inventory means that buyers who waited to buy may have had a small selection to choose from. As you can see the median listing price for the month was just over $540,000. Compared to last year the average number of days that units spent on the market before being sold was down 32%. This lower number of days may signal a positive trend in the local inventory turnover rate. The median sale price was just under $440,000. The number of units sold decreased 6% year-over-year and increased 8% 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.