In the October Trend Market Update, they look at what effect did the government shutdown during the first half of the month have on local real estate activity? Despite the fear that the partial shutdown would have a negative effect on real estate activity, October closed sales exceeded the year ago level by 18% and YTD is now 16% above last year. You can see more in this video below:
Taking a look at the buying activity for the region, in Camden County reported a 58.4% increase in appointments over October 2012, with appointments in homes priced between $200,000 and $299,000 increasing by 9.3% since last month. You can view the full report here. Philadelphia County reported a 31.7% increase in appointments over October 2012, with appointments in homes priced between $100,000 and $199,000 increasing by 8.0% since last month. You can view the full report here.
The bottom line is the real estate market continues to improve and now is the time to make your move. If you are looking for more information, get our free Neighborhood Market report today:
