So much of the news these days is based on generalities and entertainment. Unfortunately reporting the news is a thing of the past. If I had a nickel for everyone who comments to me about the “bad market” it would definitely subsidize my income. It is so critical for you to turn the television off (where most people get their information), put down the real estate section of the newspaper and hire a Real Estate Agent that is in touch with YOUR area, more definitively within 1 mile from your home. Even the Philadelphia area real estate market “news” fluctuates radically from town to town. The Delaware Valley remains one of the best markets in the country in the overall economy, which Real Estate has a central role.

            Most sales figures have the Delaware Valley averaging a 3% drop from this time last year. That means that some areas experienced an increase in the sales dollars. There are other reasons that the sales percentage and dollars fluctuate. The activity, up or down, could be from the home’s price range. Generally, homes priced between $100,000 - $200,000 sell quicker and closer to asking price than do homes close to or cresting one million dollars and more. It is important to note that information is YOUR friend. The information that is specific to YOUR home. This specific information usually is very different than the “average”, national or local.