In January 2019, 38 homes sold in Roxborough and Manayunk. The same number of homes sold in January of 2018. We should expect to see a similar number of homes sold in February. In March, we can expect to see the number of homes sold double which makes February a very good month to put a home on the market since sold homes are an indication of buyer activity within the month or two before those sales are completed.
Home Values Are Up
The median sales price of re-sale homes sold in January 2019 is $238,250 compared to a median sales price of $225,000 in January of 2018, a 6% increase over the same time last year. The number of active listings decreased significantly from 251 active listings in January 2018 to 143 active listings in January 2019. These are indications that we can expect to be in a seller’s market over the next several months if things continue on the same path. Last Spring we saw a moderate seller’s market and the indications are that this coming Spring will be a strong seller’s market.
What to Expect
During a seller’s market we can expect to see home values increase with the increased demand from home buyers. But, it’s still important for sellers to price their homes close to the real market value so they won’t be overlooked by potential buyers. Buyers will need to act quickly when they find a home they’re interested in and should expect other buyers to be interested in those same homes, as well. For buyers thinking of buying in the next several months, now is the time to make sure that you have everything you need in place to be ready to make offers quickly.
New Listings in Roxborough & Manayunk
Here are all of the newest homes on the market in Roxborough and Manayunk. You can also find popular quick searches below.