The Bucks County Pa real estate market overall is hanging in better than the other areas across Pennsylvania. Last year in Bucks County, we had a record number of sales transactions as compared to the 18% drop this year. But there was a trend last year of the 2010 tax credit. It seems that the 2010 Tax Credit provided an early boost to sales as compared to years past.
Home prices in most of the Bucks County Pa real estate market, is similar in comparison to the 2003-4 time frame. A typical home in Lower Makefield, Pa sold for $428k, similar to the 2010 year end and in line with the 2003-4 time frame. The Bucks County mid-year report shows that there was a 9% reduction of the negotiated sales price. With the average selling time approximately 81 days. In June 2011 there were 4996 homes for sale in Bucks County Pa. List prices are actually declining about 7% from prior years. Sellers are lowering their prices to attract buyers
All in all, with interest rates at record lows, a good supply of housing, and FHA low downpayment financing. It's a good time to buy in Bucks! To see how much house you qualify for, get preapproved now