Main Line Homes Blog

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County Housing Market Update

 Home sales in Delaware County decreased by 5.5 percent in 2006, but saw less of a decline than other counties in the region, further evidence of the housing market adjustment, according to a recent report. However, sales in Montgomery and Chester counties decreased by more than 8 percent, and Bucks County witnessed a 14.9 percent decline from 2005.

Counties that have seen greater new home construction are seeing a greater decline in sales because of higher prices; the older housing stock and denser population have been a help to the overall picture in Delaware County. Delaware County's median or mid-range sale price in 2006 rose to $203,000 from $194,000 in 2005. Upper Darby posted the highest number of homes sold for the year at 1,338. Next was Haverford at 632 homes, followed by Ridley Township (365), Radnor (327) and Springfield (289).

 

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Comment balloon 0 commentsNick & Trudy Vandekar, 610-203-4543 • February 16 2007 04:07PM
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