If you've been keeping an eye on the real estate market in Delaware County, PA, you might be wondering how things are shaping up in 2025 compared to last year. Whether you're thinking about buying, selling, or just curious about the trends, here’s a breakdown of how the first quarter of this year compares to the same time in 2024.
Market Trends: What’s Changed?
The number of homes listed has remained relatively steady, with only a slight decrease in new listings. Days on market have stayed nearly the same, indicating that homes are still selling at a consistent pace. However, the biggest change has been the increase in home prices—with the average sold price rising by over $53,000 in just one year!
What This Means for Buyers
Many buyers have been holding off, hoping for interest rates to drop before making a move. But here’s the reality: while waiting, home prices are continuing to rise. Even if rates come down, the increase in home prices could offset any savings on interest rates.
If you're trying to time the market, it's essential to weigh the potential cost of waiting. With home prices climbing, you might end up paying more in the long run by delaying your purchase.
Let’s Run the Numbers
If you’re unsure about how current rates and rising prices affect your buying power, I can connect you with my trusted Loan Officer to help you run the numbers and get pre-approved. Understanding your options now can help you make a more informed decision.
Stay Ahead of the Market with a Custom Search
If you’re thinking about buying, one of the best things you can do is set up a custom home search. This way, you'll get real-time alerts when homes that match your criteria hit the market—helping you stay ahead of the competition.
Let’s Talk!
Whether you’re considering buying now or just want to keep an eye on the market, I’d love to chat. Timing the market is tricky, but with the right strategy, you can make a smart move. Let’s discuss your goals and find the best plan for you!
📩 Call or text me today to start the conversation. 484-549-9218