The Lion's Den
News & Views About Real Estate in the Greater Philadelphia Area
All Good News for Greater Philadelphia Home Sales in March
Home Sales Jumped in March
March home sales came in like a lion, according to the most recent data from Trend, the multiple-listing service in the greater Philadelphia area. Across Bucks, Chester, Delaware, Montgomery and Philadelphia counties, the number of houses sold was up compared to March 2012. What’s more, pending sales this year increased dramatically in each county compared to one year ago: Up 15% in Bucks, 21% in Chester, up 16.7% in Delaware, 9.7% in Montgomery and 19.7% in Philadelphia.
Average and median home prices have strengthened except in Bucks County, where a comparison of March 2013 to March 2012 shows a drop of 1.34% (average prices) and 2.59% (median). Philadelphia County home prices showed the biggest gains, with average prices up 16.52% and median prices there up 13.45%.
See a video overview of the March 2013 data from Trend. For a look at the Philadelphia real estate market performance in 2012, see the most recent edition of Buy/Sell from Kurfiss Sotheby’s International Realty.
For specifics on home sales and price data for your area, please contact either our Bucks County office at 215.794.3227 or our Philadelphia/Main Line office at 215.735.2225.