There are many great Bucks County area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (215) 519-1399 for a FREE home buying or selling consultation to answer any of your real estate questions.
For most of Bucks County, Yardley and Newtown specifically, the real estate market weakened this year after a really strong first quarter. There are more homes on the market right now than there were at this time last year, and it's taking a little bit longer to sell right now. On the bright side, we saw slight appreciation of home values throughout the year.
If you got a mortgage this year, you were probably quite pleased. Interest rates have been at or near historic lows all year long. Despite these great rates, sales were down this year compared to 2013. Will 2015 be any better?
The economy is recovering, albeit at a much slower rate that we would like. Because our market is pretty stable, there has been talk of loosening lending practices, which would greatly impact the number of buyers in the market. Although people are starting to get nervous about rising interest rates, we're not expecting to see any significant changes until the second half of next year.
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Overall, it looks like we're going to have a very stable market next year. The supply of homes is probably going to shrink a bit, meaning market conditions will be a bit tighter than they currently are. There are several interesting new construction projects happening right now as well, so keep an eye out for new housing options in the upcoming year. If you would like to discuss the details about market conditions here in Bucks County, give us a call or shoot us an email. We would love to hear from you!
