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Home buyers in Philadelphia are now calling the shots, reports Zillow’s Market Research team. Home sellers have the power if you live in the technology corridors of San Jose, San Francisco and Seattle. On average, the ZHVI (Home value Index) was up 3.9 percent over the same time last year. In Philadelphia, those values only grew 2.1 percent, slightly behind the trends. What that means for the home buyers in Philadelphia is that sellers have had their homes on the market a little bit longer on average that in other parts of the country and therefore are more anxious to sell.
As of this post, there are 362 Real Estate listings in Rittennhouse Square, 317 real estate listings in Fairmount – Art Museum area and 326 in the Northern Liberties area of Philadelphia. That is quite a bit of inventory and some of these properties for sale have have been available for more that nine months or more. If you are a home buyer wishing to find an incredible home in these three very trendy areas of center city, you have got the negotiating power and we encourage you to take advantage of this softer market now. Spring and early summer is when most home buyers start taking action on their desire to move onto bigger and brighter futures in a new home and our Philadelphia real estate offices in Rittenhouse are feeling that increase in demand.
In Bucks County, with the exception of certain areas, the homes inventory is not as lucrative for the home buyer. One of those exceptions is Doylestown. You will see from this list of over 600 real estate listings in Doylestown, there are some wonderful finds, many of them these higher end 4+ bedroom properties on the outskirts of Doylestown. The Culture Trip recently listed Doylestown in its Top 10 Most Beautiful Towns in PA, and rightly so. If you seek ways to enjoy artwork, fine dining and architecture, Doylestown has it in spades. There are plenty of parks and open spaces throughout Bedminster & Doylestown township for the outdoor enthusiast to enjoy as well.
So now is the time to get to the negotiating table if you are a home buyer in either Philadelphia or Central Bucks County. We invite you to visit our real estate search engine here to narrow down your list of options. Happy hunting!