Yardley, Newtown, Bucks County buyers & sellers ask….

March 2nd, 2010 by Marty Millner
Categories: Uncategorized
Comments: Please leave a comment.

Home buyers as well as sellers, always want to know, how is the market?

As we approach the heart of the spring season, especially in light of the tax credit, which requires that a contract be in place by April 30th, one of the most important factors that we can track, to see whether there are any changes in the market, is inventory. I observed in previous posts, that inventory levels were shrinking in most markets in Bucks County.

I just did an updated review of inventory levels for both Newtown (18940) and Lower Makefield Township (19067), and tracked both a 7 day as well as 90 day inventory review.

Take a look at the charts, and you will see how inventory levels fell, through the end of the year. However, look what happened in both markets, starting with the start of the year. Inventory levels are increasing. The 7 day pattern shows that the pattern continued this week.

Whats it mean? Unless we see a large increase in buyer activity, looks like the factors favoring buyers, are still present. To me, it reinforces the concept that buyers can negotiate favorable terms, and with interest rates still at historic lows, I still believe that it is a great time to buy.

As always, if you disagree with my perspective or have other thoughts or comments, please feel free to comment or contact me.

Lower Makefield Township inventory

Inventory levels in Newtown

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