Thanks Paul for answering my question. Here is the web reference for the article I mentioned in my question.

Hi Udanisha,

I'm not sure how to answer that question because there are several unanswered questions. Such as, was the 27% for collegville/eagleville or an avg. of every county in PA? Hot areas will most likely see the highest declines (I believe we have already seen a 15% decline in certain areas.) Prices should remain stagnate however fluctuate with the seasons as it always does. If you need to sell your place (i.e. found a better investment, no longer afford it, etc.) then price it right. If you think the market will tank and you're trying to time it, don't waist your time; RE has proven to be a great investment over time. Hold on to it, rent it out and reasses in two years.

I'm sure there are other variables that are too hard to get into on a website. If you would like to chat further, shoot me an email so we can go over the specific numbers for your area.

If you need help renting or selling the unit, I would be more than happy to assist. Good luck!

Paul Della Croce
Realtor, e-PRO
RE/MAX 440 - Perkasie & Doylestown
pdellacroce@remax440.com