I hear this question on a daily basis and the most honest answer is.. it depends on whether your buying, selling, investing or renting. It also depends on WHERE you're doing any of these things.
To those of you on my mailing list I'm going to send out quarterly market reports on your area. In the meantime, I thought I'd give a statistical answer to the question. These figures are coming from TREND MLS and compare specific counties ( Berks, Bucks, Burlington, Camden, Chester, Delaware, Gloucester, Kent, Mercer, Montgomery, New Castle, Phila, Salem )
Despite the increased sales, average prices remained the same when comparing numbers from May 2010 to May 2009. Overall, prices increased in only four counties. Bucks County, PA had the highest increase at 5.6 percent, while Salem County had the largest decrease at 13.9 percent.
Six counties saw higher median prices. Bucks County led the way at 5.2 percent, while Delaware County, PA had the largest decrease at 10.2 percent.
Email me if you would like regular updates on your area!
Chris Edwards
Realtor
Cell: 484-319-0223
Email: chris.edwards@century21.com
