2010 March Bucks County MSI and Avg Days on Market Analysis
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The document analyzes housing market dynamics in Bucks County, PA from March 2008 to March 2010. It shows that the months supply of housing inventory decreased from 8 months in March 2008 to 6 months in March 2010, a 28.6% drop. The months supply of inventory (MSI) measures the number of months it would take to sell all listed homes at the current sales rate. A lower MSI indicates a stronger seller's market with less inventory and shorter times on market.
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2010 March Bucks County MSI and Avg Days on Market Analysis
- 1. Market Dynamics Prudential Fox & Roach Months Supply of Inventory (BrokerMetrics® Calculation) 2 Years (Monthly) 03/01/08 - 03/31/10 KEY INFORMATION Mar-08 Mar-10 Change Percent Change MSI 8 6 -2 -28.6 MLS: TReND Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All Property Types: Residential: (Single Family, Twin/Semi-Detached, Unit/Flat, Row/Townhouse/Cluster, Mobile, Other) Sq Ft: All Counties: Bucks BrokerMetrics® 1 of 2 04/21/10 Information not guaranteed. © 2010 - 2011 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
- 2. Market Dynamics Prudential Fox & Roach Months Supply of Inventory (BrokerMetrics® Calculation) 2 Years (Monthly) 03/01/08 - 03/31/10 Time # For Sale Last # Under Period MSI NAR MSI Day of Month Contract # Sold Mar-10 6.0 9.0 3,771 632 419 Feb-10 8.6 13.4 3,607 417 270 Jan-10 9.0 13.2 3,504 391 266 Dec-09 11.9 9.0 3,332 279 370 Nov-09 11.3 6.4 3,708 327 580 Oct-09 7.6 7.1 3,923 514 552 Sep-09 7.1 8.0 4,057 570 509 Aug-09 7.8 6.8 4,140 532 607 Jul-09 7.7 6.9 4,280 555 623 Jun-09 6.9 7.2 4,358 634 603 May-09 8.3 10.4 4,433 535 425 Apr-09 7.9 11.1 4,337 551 391 Mar-09 8.9 11.6 4,196 471 363 Feb-09 11.1 17.3 3,983 360 230 Jan-09 13.1 16.9 3,843 293 228 Dec-08 15.0 10.3 3,735 249 362 Nov-08 14.1 12.8 4,048 288 316 Oct-08 13.5 9.8 4,269 317 435 Sep-08 10.3 9.2 4,323 419 470 Aug-08 9.7 7.7 4,439 456 573 Jul-08 9.3 7.4 4,455 478 600 Jun-08 7.7 7.3 4,508 589 621 May-08 7.9 9.0 4,529 575 506 Apr-08 7.3 9.0 4,325 591 480 Mar-08 8.4 9.6 4,063 486 424 BrokerMetrics® 2 of 2 04/21/10 Information not guaranteed. © 2010 - 2011 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).