These data are an excellent portrayal of the national picture in real estate. Most also apply to our situation in Delaware, Chester and Montgomery counties.
Specifically, sales are up, credit is readily available, distressed property sales are way down and, biggest of all, interest rates are still extremely low.
On top of that, prices have not increased by a lot in our areas. Average settled price is up by only 1% from 2014 in Chester County. Delaware County is actually down by 1%. Montgomery County is the strongest at about a 2% increase since 2014.
Bottom line, now is the best time any of us will see for the rest of our home buying lifetime to make that move up buy or buy that first home.
7 Graphs That Show the Real Estate Market is Back! [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Distressed property sales fell to its lowest number since NAR began tracking it in 2008.
  • As you can see, with less distressed properties, sales are up in all price ranges except the $0 – $100K price range.
  • Interest rates are still at historic lows, signifying that now is the right time to buy!

Of course, all markets are local. To really get the straight dope on what is happening in your neighborhood, give us a shout at the DAD AND DAUGHTER TALK REAL ESTATE HOT LINE at 484-574-4088 or use one of the contact boxes on the site.

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