The current Bucks County residential real estate market rollercoaster is not dipping. But it may be leveling off just a bit. Kennedy Rose, for the Philadelphia Business Journal, reported on the latest trends and their possible causes.

Since August, the supercharged, in-county real estate market has shown signs of easing off its breakneck pace. In explaining the change in atmosphere, Lynne Kelleher — with Berkshire Hathaway HomeServices Fox & Roach — cites two factors: increased inventory and buyer fatigue.

Statistics on the former show 2,231 new listings for August 2021, a 4.6 percent decline from August 2020.

Observations on the latter may be anecdotal; however, buyers who submitted numerous bids on a potential home but heard nothing in response are starting to step back and reassess.

Reacting to a possible slowdown, sellers are now again looking at their properties in terms of improvements and updates. The needle may be shifting again toward them actively working to meet buyer preferences for up-to-date, attractive dwellings.

Kelleher notes, however, that these slight shifts in dynamics do not represent a burst of the housing bubble.

“While the nuttiness has tempered, and the frantic pace of the market seems to be leveling, we’re not headed towards falling off a cliff. I think it may be the very beginnings of a return to a more normalized market,” she said.

More on the status of the Bucks County residential real estate market is at the Philadelphia Business Journal.

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