It’s always sunny in Newtown with its quaint downtown, highly rated school system and Tyler State Park (with hiking, biking and horseback riding trails, kayak rentals and a well-maintained disc golf course). Below is a short video highlighting the current real estate conditions and activity in Newtown, PA.
Welcome to July’s market update. Let’s take a look at residential real estate activity in Newtown during the month of June.
The number of active listings was down 6% from one year earlier and up 23% 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 $800,000. Compared to last year the average number of days that units spent on the market before being sold was up 53%. This higher number of days may signal a slowdown in the local inventory turnover rate. The median sale price was just over $530,000. The number of units sold decreased 9% year-over-year, and increased 78% month-over-month. Despite a slight annual decrease, this upward 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 me for more information or further assistance.