The Long & Foster Market Minute

Focus On: Bucks County Housing Market October 2021

Units Sold
771
Active Inventory
684
Median Sale Price
$400,000
Days On Market
20
Down -10%
Vs. Year Ago
Down -26%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -44%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 771 sold this month in Bucks County Real Estate versus 808 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 10% versus October 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 246 units or 26%. The total number of active inventory this October was 684 compared to 930 in October 2020. This month's total of 684 is lower than the previous month's total supply of available inventory of 812, a decrease of 16%.

Median Sale Price
Last October, the median sale price for Bucks County Homes was $380,000. This October, the median sale price was $400,000, an increase of 5% or $20,000 compared to last year. The current median sold price is 3% higher than in September.

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


New Listings
728
Current Contracts
735
Sold Vs. List Price
100.6%
Months of Supply
0.9
Down -17%
Vs. Year Ago
Down -8%
Vs. Year Ago
Up 1.9%
Vs. Year Ago
Down -18%
Vs. Year Ago

Months of Supply
In October, there was 0.9 months of supply available in Bucks County, compared to 1.1 in October 2020. That is a decrease of 19% 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 728 homes newly listed for sale in Bucks County compared to 880 in October 2020, a decrease of 17%. There were 735 current contracts pending sale this October compared to 797 a year ago. The number of current contracts is 8% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Bucks County was 100.6% 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 20, lower than the average last year, which was 36, a decrease of 44%.

The Long & Foster Market Minute
*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.
REALTOR, Equal Opportunity HousingInformation 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.