Bucks County Housing Market to See Increase in Sales in 2024 Amid Falling Interest Rates
Amid falling interest rates, the Bucks County housing market will soon see an increase in home sales, writes Peg Quann for the Bucks County Courier Times.
For the first time since August, interest rates fell below 7 percent. According to Stephanie Garomon from the Bucks County Association of Realtors, the housing market is expected to stay strong.
She also cited the importance of Bucks County’s location which makes it a hot spot for real estate due to its proximity to Philadelphia, New York City, Princeton, and the shores of New Jersey.
According to a market review from BCAR, Bucks County’s median price for residential properties was $441,000, with a decrease in pending sales of 14.7 percent. Low inventory of units in Bucks County has been a contributor.
Read more about the Bucks County housing market, and what can be expected for the new year in the Bucks County Courier Times.
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