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| Focus On: Bucks County Housing Market | April 2020 | ||
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| Units Sold 485 |
Active Inventory 1,010 |
Median Sale Price $340,000 |
Days On Market 39 |
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| Down -17% Vs. Year Ago |
Down -43% Vs. Year Ago |
Up 13% Vs. Year Ago |
Down -25% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in April, with 485 sold this month in Bucks County Real Estate versus 578 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 17% versus April 2019. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 770 units or 43%. The total number of active inventory this April was 1,010 compared to 1,780 in April 2019. This month's total of 1,010 is lower than the previous month's total supply of available inventory of 1,067, a decrease of 5%. |
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Median Sale Price
Last April, the median sale price for Bucks County Homes was $301,500. This April, the median sale price was approximately the same at $340,000. The current median sold price is 13% higher than in April 2019. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 298 |
Current Contracts 210 |
Sold Vs. List Price 98.1% |
Months of Supply 2.1 |
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| Down -74% Vs. Year Ago |
Down -74% Vs. Year Ago |
Down -0.6% Vs. Year Ago |
Down -32% Vs. Year Ago |
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Months of Supply
In April, there was 2.1 months of supply available in Bucks County, compared to 3.0 in April 2019. That is a decrease of 31% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 298 homes newly listed for sale in Bucks County compared to 1,138 in April 2019, a decrease of 74%. There were 210 current contracts pending sale this April compared to 814 a year ago. The number of current contracts is 74% lower than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Bucks County was 98.1% of the average list price, which is 0.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 39, lower than the average last year, which was 52, a decrease of 25%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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