July 2009 Bucks County MSI And Avg Dom
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The document analyzes housing market dynamics in Bucks County, Pennsylvania over a two-year period from July 2007 to July 2009. It shows that during this period: - The months supply of inventory increased from 6.6 to 7.5, a 13.6% rise, indicating looser market conditions. - The average days on market increased from 58 to 84 days, a 43.7% jump, meaning homes took longer to sell. - Overall the data reflects a shifting from a seller's market in 2007 to a more balanced market by 2009 due to housing supply increases and longer days to sell homes.
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July 2009 Bucks County MSI And Avg Dom
- 1. Market Dynamics Prudential Fox & Roach Months Supply of Inventory (MSI) 2 Years (Monthly) 07/01/07 - 07/31/09 KEY INFORMATION Jul-07 Jul-09 Change Percent Change MSI 6.6 7.5 0.9 13.6 DOM 58 84 25 43.7 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 08/27/09 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
- 2. Market Dynamics Prudential Fox & Roach Months Supply of Inventory (MSI) 2 Years (Monthly) 07/01/07 - 07/31/09 Time Months Supply # Properties For Sale # Properties Under Contract Period of Inventory NAR MSI Last Day of Month Under Contract Average DOM # Properties Sold Jul-09 7.5 6.6 4,075 546 84 620 Jun-09 6.6 7.0 4,185 632 83 599 May-09 8.1 10.1 4,299 534 83 425 Apr-09 7.7 10.8 4,223 551 89 392 Mar-09 8.6 11.4 4,110 476 90 362 Feb-09 10.9 17.3 3,925 361 96 227 Jan-09 12.9 16.5 3,803 294 96 230 Dec-08 14.8 10.2 3,703 251 100 364 Nov-08 13.8 12.7 4,028 291 88 316 Oct-08 13.4 9.8 4,255 317 83 434 Sep-08 10.3 9.2 4,312 420 78 470 Aug-08 9.7 7.7 4,431 456 68 574 Jul-08 9.3 7.4 4,446 478 73 600 Jun-08 7.6 7.2 4,498 589 64 621 May-08 7.9 8.9 4,519 575 63 506 Apr-08 7.2 8.9 4,289 592 64 480 Mar-08 8.2 9.4 3,997 486 79 424 Feb-08 7.9 10.8 3,759 477 81 349 Jan-08 8.6 11.3 3,685 427 78 326 Dec-07 12.0 8.5 3,422 286 82 403 Nov-07 8.8 7.6 3,872 439 68 509 Oct-07 8.2 8.1 4,141 507 66 512 Sep-07 9.9 8.1 4,215 425 66 518 Aug-07 7.6 5.4 4,048 531 62 755 Jul-07 6.6 5.5 4,039 615 58 738 BrokerMetrics® 2 of 2 08/27/09 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).