The real estate market statistics for April 2012 have just been released and the statistics for Montgomery County seem positive.
Year-to-Date in April 2012, 1,793 single family homes settled in Montgomery County. This is up 13.70% compared to only the 1,577 homes that settled year-to-date in April 2011.
The total settled volume was also up from last year: April 2012's settled volume year-to-date was $532,096,000, a 12.49% growth from April 2011.
The average settled prices for homes in the Montgomery County in April 2012 was $296,000, down 1% from the average home price of $299,000 in April 2011.
While the average home price was down a small percentage, the overall amount of settled units and settled volume means good things for this area's market. Surrounding counties all have seen growth as well: Bucks County had a 15.74% growth in settled units from year-to-date April 2012 versus year-to-date April 2011. Chester County had a 18.45% growth, Delaware County had a 15.31% growth, and Philadelphia County had the smallest growth at 1.99%
This growth could be attributed to varying factors: interest rates are at an all time low and it seems like confidence in the economy is growing. Whatever the reason, this increased growth is reassuring and a sure sign that the real estate market is on the road to recovery.
All statistics taken from TREND MLS.