Below is a short video highlighting the current real estate conditions and activity in Southampton, PA.
Welcome to February’s market update. Let’s take a look at residential real estate activity in Southampton during the month of January.
The number of active listings was down 18% from one year earlier and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from. Compared to the same month the previous year. As you can see the median listing price for the month was just under $360,000. Compared to last year the average number of days that unit spent on the market before being sold was up 45%. This higher number of days may signal a slowdown in the local inventory turnover rate. The median sale price was just under $270,000. The number of units sold decreased 56% year-over-year and decreased 59% 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.