Despite the recession and its underlying causes, Main Line real estate continues to trade hands. Based on September 2009 statistics of single-family homes, the supply/demand ratio indicates an unbalanced market, heavily favoring buyers in Lower Merion Township. However, when you compare today to that of September 2008, the market is definitely operating more efficiently, due primarily to government intervention motivating homebuyers off the sidelines. Economic conditions remain dire and the federal tax credit for first-time homebuyers expires at the end of the year, but available monthly data since May 2009 suggest that the broad decline has ceased.
Donâ€™t be afraid of the marketâ€¦Take advantage of it, especially if you find the right home that meets your needs. Youâ€™re looking to buy on the Main Line and are probably well-versed in its advantages today and into the future. Good Hunting!... more
If you still have not purchased, please look at my For Sale by Owner in Merion Park not far from Winding Way.
I am downsizing from my 5 bedroom, 3.5 bath stone home with garage in Merion Park -- a lovely family-oriented quiet neighborhood within walking distance to elementary and middle schools, a local park, and public transportation.
Please look at my listing at www.owners.com/PTT4603... more