Скачать или смотреть 🏡 Doylestown Real Estate Market Insights – December 2024 🏡 As we wrap up the year, let's dive int

🏡 Doylestown Real Estate Market Insights – December 2024 🏡

As we wrap up the year, let's dive into the latest market trends in Doylestown, PA, and what they mean for you as a buyer or seller:

*Median Sale Price:* The median sale price has decreased to $590,000, reflecting a slight dip of 19.2% MoM and 28.5% YoY. This decline could present a unique opportunity for buyers to enter the market at more favorable prices. 📉

*Median List Price:* Despite a 57.4% MoM drop, the median list price is up 46.9% YoY at $650,000. Sellers, this indicates a potential for higher listing prices compared to last year, suggesting a recovering market. 📊

*Homes Sold:* With only 9 homes sold, a 43.8% decrease MoM, the market is showing signs of slowing down. However, the YoY stability suggests a consistent demand, making it crucial for sellers to price competitively. 🏠

*New Listings & Inventory:* New listings have increased by 16.7% MoM and 250% YoY, with inventory stable at 13 homes. This rise in new listings could mean more options for buyers, but also increased competition for sellers. 📈

*Median Days on Market:* Homes are selling faster, with a median of just 25 days on the market, down 30 days MoM. This quick turnover is a positive sign for sellers aiming for swift transactions. ⏳

*Months of Supply:* The months of supply have increased to 1.4, indicating a slight shift towards a buyer's market. Buyers, this could mean more negotiating power in the coming months. ⚖️

Understanding these trends can help you make informed decisions whether you're buying or selling in Doylestown. Let's navigate this market together to achieve your real estate goals!

[Data Source: Redfin]

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