There was an increase in total units sold in July, with 908 sold this month in Bucks County Real Estate. This month's total units sold was higher than at this time last year.
Bucks County Houses on the Market
Versus last year, the total number of homes available this month is lower by 927 units or 48%.
The total number of active inventory this July was 990 compared to 1,917 in July 2019.
This month's total of 990 is lower than the previous month's total supply of available inventory of 1,102, a decrease of 10%.
Bucks County Median Sale Price
Last July, the median sale price for Bucks County Homes was $340,000. This July, the median sale price was $362,750, an increase of 7% or $22,750 compared to last year. The current median sold price is 7% higher than in June.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
Bucks County New Listings and Current Contracts
This month there were 980 homes newly listed for sale in Bucks County compared to 887 in July 2019, an increase of 10%.
There were 943 current contracts pending sale this July compared to 799 a year ago.
The number of current contracts is 18% higher than last July.
Bucks County Sale Price to List Price Ratio
In July, the average sale price in Bucks County was 98.4% of the average list price, which is similar compared to a year ago.
Bucks County Days on the Market
This month, the average number of days on market was 34, which is similar compared to a year ago.