Below is a short video highlighting the current real estate conditions and activity in Richboro, PA.
Welcome to February’s market update. Let’s take a look at residential real estate activity in Richboro, PA during the month of January.
The number of active listings was down 33% from one year earlier and down 5% 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 just over $570,000. Compared to last year the average number of days that unit spent on the market before being sold was down 97%. Ts lower number of days may signal of positive trend in the local inventory turnover rate. The median sale price was $480,000. The number of units sold increased 100% year-over-year and decreased 83% month-over-month. Hire year-over-year figures indicate that more buyers have been finding what they’re looking for.
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.