BUCKINGHAM AND NEW HOPE HOUSING MARKET DATA

There was an increase in total units sold in May, with 44 sold this month in Buckingham and New Hope Real Estate versus 34 last month, an increase of 29%. This month's total units sold was higher than at this time last year, an increase of 29% versus May 2024.

Versus last year, the total number of homes available this month is lower by 6 units or 6%. The total number of active inventory this May was 97 compared to 103 in May 2024. This month's total of 97 is higher than the previous month's total supply of available inventory of 80, an increase of 21%.

Last May, the median sale price for Buckingham and New Hope Homes was $770,000. This May, the median sale price was $841,000, an increase of 9% or $71,000 compared to last year. The current median sold price is 2% lower than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 2.2 months of supply available in Buckingham and New Hope, compared to 3.0 in May 2024. That is a decrease of 27% 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.

This month there were 70 homes newly listed for sale in Buckingham and New Hope compared to 72 in May 2024, a decrease of 3%. There were 48 current contracts pending sale this May compared to 66 a year ago. The number of current contracts is 27% lower than last May.

In May, the average sale price in Buckingham and New Hope was 100.4% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 22, lower than the average last year, which was 25, a decrease of 12%.





FOCUS ON: BUCKINGHAM AND NEW HOPE HOUSING MARKET			MAY 2025

Zip Code(s): 18902, 18938, 18913, 18928, 18933, 18931 and 18912
Units Sold 44	Active Inventory 97	Median Sale Price $841,000	Days On Market 22

Up 29% Vs. Year Ago	Down -6% Vs. Year Ago	Up 9% Vs. Year Ago	Down -12% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 44 sold this month in Buckingham and New Hope Real Estate versus 34 last month, an increase of 29%. This month's total units sold was higher than at this time last year, an increase of 29% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 6 units or 6%. The total number of active inventory this May was 97 compared to 103 in May 2024. This month's total of 97 is higher than the previous month's total supply of available inventory of 80, an increase of 21%.
		Median Sale Price Last May, the median sale price for Buckingham and New Hope Homes was $770,000. This May, the median sale price was $841,000, an increase of 9% or $71,000 compared to last year. The current median sold price is 2% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 70	Current Contracts 48	Sold Vs. List Price 100.4%	Months of Supply 2.2

Down -3% Vs. Year Ago	Down -27% Vs. Year Ago	No Change Vs. Year Ago	Down -27% Vs. Year Ago


		Months of Supply In May, there was 2.2 months of supply available in Buckingham and New Hope, compared to 3.0 in May 2024. That is a decrease of 27% 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.
New Listings & Current Contracts This month there were 70 homes newly listed for sale in Buckingham and New Hope compared to 72 in May 2024, a decrease of 3%. There were 48 current contracts pending sale this May compared to 66 a year ago. The number of current contracts is 27% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Buckingham and New Hope was 100.4% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 22, lower than the average last year, which was 25, a decrease of 12%.


	Buckingham and New Hope are defined as properties listed in zip code/s 18902, 18938, 18913, 18928, 18933, 18931 and 18912.
	*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.