Tuesday, October 17, 2006
What a drop
Statistics from Trend illustrate just how the slowdown in real estate is affecting sales. Sure the days on market stat is up a bit, but that really doesn't tell the story. The more telling statistic is the number of homes sold in September 2006 compared to the number of homes sold in Septemmber of 2005.
In Bedminster, 4 were sold in 2006, 13 in 2005, a 69 percent drop. In Buckingham the numbers were 15 in 2006, 29 in 2005, a 48 percent drop. In Doylestown, it was 9, 15, 40; in Doylestown Township it was 19,19,0. Hilltown was 12, 31, 61. Perkasie was 5, 15, 66. Sellersville was 5, 11, 54; Warminster 32, 33, 3; Warrington 25, 32, 18; Horsham 23, 35, 34; Montgomery 37, 50, 26; Upper Moreland 22, 29, 24.
As you can see, many of these communities have seen a significant decrease in the number of homes sold. Not all communities had drops. Some, like Silverdale, Richlandtown and West Rockhill, had increases. We'll check next month and see if there is any improvement
In Bedminster, 4 were sold in 2006, 13 in 2005, a 69 percent drop. In Buckingham the numbers were 15 in 2006, 29 in 2005, a 48 percent drop. In Doylestown, it was 9, 15, 40; in Doylestown Township it was 19,19,0. Hilltown was 12, 31, 61. Perkasie was 5, 15, 66. Sellersville was 5, 11, 54; Warminster 32, 33, 3; Warrington 25, 32, 18; Horsham 23, 35, 34; Montgomery 37, 50, 26; Upper Moreland 22, 29, 24.
As you can see, many of these communities have seen a significant decrease in the number of homes sold. Not all communities had drops. Some, like Silverdale, Richlandtown and West Rockhill, had increases. We'll check next month and see if there is any improvement
