Harleysville-Lansdale Real Estate and More: Montgomery County, PA Market Report for December 2009

The Montgomery County, PA Market Report for December 2009 shows some positive news.  A long streak of year-over-year falling prices has ended and the year-over-year number of home sales remains in positive territory.

The average price of a home in Montgomery County increased to $310,012 compared to $305,882 for December, 2008; a 1.4% increase. This ends a 24 month streak in which home prices had fallen from the prior year level.

The number of homes sold this past December increased to 513 units versus 494 homes sold in December of the prior year; a 3.8% increase. This marks the 6th consecutive month that the number of homes sold has increased from its prior year level.

A particularly interesting observation from this market report is that December's numbers should give a more normal indication of the market in comparison to November when the original first time buyer tax credit was set to expire.  That deadline caused an unnaturally high amount of sales in November, but also caused the average price to dip significantly for that month due to the generally lower price range of first time buyers.  One might have expected December's number of sales to suffer due to the forced activity the previous month.  However, December's sale increased over last year and the average price jumped by 12.8% from November's level of $274,706.

By the way, the home buyer tax credit has been extended and expanded to include "current" home owners.

Contact Scott Loper, Associate Broker, Realtor®, RE/MAX Realty Group at 215-513-1333 for help buying or selling a home in Lansdale, Harleysville, Hatfield, Souderton, Skippack, Collegeville, North Wales and the surrounding areas of Montgomery County Pennsylvania. To Search for Homes For Sale in Montgomery County Click Here.

Copyright © 2009, The Scott Loper Team, All rights reserved. Montgomery County, PA Market Report for December 2009.