Mid-year brings many reports outliining how various markets are doing and where they are headed. One of the most common indicators for our economy is by looking at the real estate market.
The crazy winter resulted in a slower start to the year, but it seems we are picking up in our local market.
According to our local Trend MLS real estate reporting, in Montgomery county, PA June Settled Listings edged slightly above sales from last year, increasing 1.4%, while year-to-date sales are down 5.5% through June over last year.
The crazy winter resulted in a slower start to the year, but it seems we are picking up in our local market.
According to our local Trend MLS real estate reporting, in Montgomery county, PA June Settled Listings edged slightly above sales from last year, increasing 1.4%, while year-to-date sales are down 5.5% through June over last year.
There was a slight increase in Median Price in June as well, with a 0.7% increase. The year-to-date Median Price continues to stay ahead of last year by 1.1%.
Nationally, our foreclosure housing looks positive as well.
“Nationwide foreclosure activity in June reached an important milestone, dropping to levels not seen since before the housing price bubble burst in August 2006,” said Daren Blomquist, vice president at RealtyTrac....Over the next six to nine months nationwide foreclosure numbers should start to flat line at consistent historically normal levels. June reported a total of 613,874 U.S. properties with foreclosure filings — default notices, scheduled auctions and bank repossessions — in the first half of 2014, a 19 percent decrease from the previous six months and down 23 percent from the first half of 2013. The report also shows that 0.47 percent of all U.S. housing units (one in 214) had at least one foreclosure."
More foreclosure statistics here : http://www.realestateeconomywatch.com/2014/07/the-good-old-days-are-back-foreclosures-fall-to-pre-bubble-levels/
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