BUCKINGHAM AND NEW HOPE HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in April, with 34 sold this month in Buckingham and New Hope Real Estate. This month's total units sold was lower than at this time last year, a decrease from April 2024.

Versus last year, the total number of homes available this month is lower by 38 units or 37%. The total number of active inventory this April was 65 compared to 103 in April 2024. This month's total of 65 is lower than the previous month's total supply of available inventory of 67, a decrease of 3%.

Last April, the median sale price for Buckingham and New Hope Homes was $825,000. This April, the median sale price was $857,500, an increase of 4% or $32,500 compared to last year. The current median sold price is 13% higher than in March.

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

In April, there was 1.9 months of supply available in Buckingham and New Hope, compared to 2.6 in April 2024. That is a decrease of 28% 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 55 homes newly listed for sale in Buckingham and New Hope compared to 74 in April 2024, a decrease of 26%. There were 53 current contracts pending sale this April compared to 28 a year ago. The number of current contracts is 89% higher than last April.

In April, the average sale price in Buckingham and New Hope was 99.6% of the average list price, which is 1.9% higher than at this time last year.

This month, the average number of days on market was 23, lower than the average last year, which was 27, a decrease of 15%.





FOCUS ON: BUCKINGHAM AND NEW HOPE HOUSING MARKET			APRIL 2025

Zip Code(s): 18902, 18938, 18913, 18928, 18933, 18931 and 18912
Units Sold 34	Active Inventory 65	Median Sale Price $857,500	Days On Market 23

Down Vs. Year Ago	Down -37% Vs. Year Ago	Up 4% Vs. Year Ago	Down -15% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in April, with 34 sold this month in Buckingham and New Hope Real Estate. This month's total units sold was lower than at this time last year, a decrease from April 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 38 units or 37%. The total number of active inventory this April was 65 compared to 103 in April 2024. This month's total of 65 is lower than the previous month's total supply of available inventory of 67, a decrease of 3%.
		Median Sale Price Last April, the median sale price for Buckingham and New Hope Homes was $825,000. This April, the median sale price was $857,500, an increase of 4% or $32,500 compared to last year. The current median sold price is 13% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 55	Current Contracts 53	Sold Vs. List Price 99.6%	Months of Supply 1.9

Down -26% Vs. Year Ago	Up 89% Vs. Year Ago	Up 2% Vs. Year Ago	Down -28% Vs. Year Ago


		Months of Supply In April, there was 1.9 months of supply available in Buckingham and New Hope, compared to 2.6 in April 2024. That is a decrease of 28% 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 55 homes newly listed for sale in Buckingham and New Hope compared to 74 in April 2024, a decrease of 26%. There were 53 current contracts pending sale this April compared to 28 a year ago. The number of current contracts is 89% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Buckingham and New Hope was 99.6% of the average list price, which is 1.9% higher than at this time last year. Days on Market This month, the average number of days on market was 23, lower than the average last year, which was 27, a decrease of 15%.


	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.