Lower Makefield Township Market Update
I regularly monitor the market statistics in all of the markets that I serve. Today I will focus on the latest update for single family homes, in Lower Makefield Township. Everyone knows that it is a buyers market, which means that there are more houses on the market, than there are buyers for those homes. Consider the following, through the end of February:
[iframe width="500" height="250"]http://spreadsheets.google.com/pub?key=poHkxDje-90KZ44AUnW0iUA[/iframe]
Putting all the statistices in perspective, this essentially substantiates the continuing buyers market. There is currently a 9 month supply of homes. Buyers are continuing to achieve increasing discount leverage. This means, for sellers, if you are interested in selling, it is imperative that you price your house correctly.
I have a number of tools that I can email, that will help sellers get a sense of what the market is doing in a particular neighborhood. If you are interested in that, or have any other questions, please feel free to contact me.
The sale price for homes sold in 2009, averaged 11% off the asking price.
The sale price for homes sold during the same period in 2008, averaged 94% of the asking price.
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