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October 2013 Market Stats for Bucks County, PA

HomeBucks County Real Estate Market DataOctober 2013 Market Stats for Bucks County, PA
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Here are the numbers for Bucks County Real Estate sales for October.  Single Family Home Inventory is still down (year over year) and Condominium inventory is following the same trend.  Single family pended units remained level with 465 compared to October 2012 at 464.  Condominium units pending rose 14.3% over 2012 with 56 vs. 49.  Here is how it all stacks up…

Bucks County Single Family Homes:

Total Inventory – 2013 – Down 1.9% to 3.330 units from 3,393 in 2012.

Inventory Accumulation – 2013 – Down 19.5% at 6.6 months from 8.2 months in 2012.

Pending Units – 2013 – Up slightly 0.2% with 465 units compared to 464 in 2012.

Settled Units – 2013 – Up 22.2% with 489 units compared to 400 units in 2012.

Average Settled Price/Original Price – 2013 – Up 1.5% at 93.7% from 92.3% in 2012.

Bucks County Condominiums:

Total Inventory – 2013 – Down 8.9% with 265 units available from 291 units in 2012.

Inventory Accumulation – 2013 – Down  the most this year at 31.2% or 5.3 months from 2012 at 7.7 months.

Pending Units – 2013 – Up 14.3% at 56 units from 49 in 2012.

Settled Units – 2013 – Up 39.5% at 53 from 38 in 2012.

Average Settled Price/Original Price – 2013 – Down .9% at 93% from 93.9 in 2012.

Looks like the smart people are buying and selling in 2013.  Interest rates have climbed up to 4.75% and does not look like they will be headed in the other direction any time soon.  If you would like to know what your home is worth today or how to get started looking for that new home, it all starts with a conversation.  Call me for all your Bucks County Real Estate needs…

Century 21 Alliance
Bruce Clark  215-416-3391
“Your Real Estate Consultant for Life”

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I’ve been a resident of Bucks County since 1979 and have been a REALTOR since 1995. I have earned the respect of friends & associates by maintaining a level of fairness & understanding of their needs. A big part of my process is the conversation. I believe a lot of agents have forgotten this. To sit down & really listen to what you are looking to accomplish & what your dreams and wishes are. I’ve always said it all begins with a conversation & it holds true for everything.

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