A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 22 homes listed for sale – 14 Active listings and 8 Active Under Contract listings – in Wallingford PA and Nether Providence Township on June 29, 2021 with an average asking price of $433,950.
The rate of home price growth has started to slow, and the competition for homes may be showing some signs of easing somewhat.
“The market’s topping out,” Mark Zandi, chief economist at Moody’s Analytics, told realtor.com®. It’s “starting to show cracks. It feels like we’ve hit the apex, and we’re moving to the other side of it.”
But that doesn’t mean the housing market is heading for a bubble that is bound to burst. Mortgage lending has remained tight. Real estate economists have long said the current frenzy in the housing market is no housing bubble that is reminiscent of nearly a decade ago with the run-up in real estate.
Median home asking prices are more than 12% higher than they were a year ago. That is less than the 17.2% annual jump in prices in more recent months, realtor.com® reports.
Some buyers are getting priced out of the market. There is also a severe shortage of homes for sale: Total housing inventory is down 42% year over year, as of last week, according to realtor.com® data. Home sales have fallen from inventory challenges, too. Existing-home sales dropped 0.9% in May month over month, the fourth consecutive month of declines, the National Association of REALTORS® reported last week.
View all Nether Providence Twp Homes For Sale
View all Homes Listed In The Last 7 Days
*DOM = Days On Market
5 Wallingford PA homes went under contract
6 new listings came onto the market
1 listing was withdrawn from the market
No listings were temporarily taken off the market
No listings expired
49 homes are Under Contract at this time
7 Wallingford PA homes sold last week
|407 E Country Club Lane||SNG||3||1.1||$472,000||06/21/21||5|
|203 S Providence Road||SNG||3||2.0||$375,000||06/21/21||18|
|214 Emerald Lane||TWIN||3||1.1||$289,900||06/22/21||11|
|730A Putnam Blvd||CONDO||2||1.0||$170,000||06/23/21||7|
|300 Melanies Way||SNG||4||4.1||$735,000||06/23/21||8|
|1324 Putnam Blvd||TOWN||2||2.1||$262,500||06/24/21||6|
|993 Putnam Blvd||TOWN||2||2.1||$240,000||06/25/21||4|
203 S Providence Road sold with a $3,000 Seller Assist:
Wallingford PA Real Estate – Wallingford, PA 19086