The county market, measured monthly.

The August picture

Asking prices took a second step down from June’s high: the median listed home in Bucks County was $625,000, down 1.18% from July and still 4.18% above August 2025. Two consecutive monthly declines after a June peak usually read as sellers adjusting — not as a crash. The year-over-year gain held, so the market gave back recent exuberance without giving up the year.

Inventory stayed historically deep for late summer. 970 active listings is a hair under July’s 980, but 20.5% above last August and the most August inventory since 2019 (when the county carried 1,759 actives). Buyers still choose from roughly half of that pre-pandemic shelf — more choice than any recent August, not a flooded market.

New supply cooled on schedule. 592 new listings entered in August, down from July’s 720 but 10% more than August 2025. Demand held its side of the ledger: total listings (active + pending) were 1,920, which puts pendings near 950 against roughly 886 a year ago — about 7% more homes under contract absorbing 20% more active inventory. Selection grew faster than contracts, which is why days on market stretched.

The median listing took 42 days to go pending-or-sold — two days slower than last August and a clear step up from July’s 36. 39.6% of active listings carried a price cut (384 of 970), up from July’s 37.3% but still below last August’s 42.2%. Read together: the summer market slowed, more sellers blinked, and the cut rate has not yet returned to last year’s peak.

The average 30-year fixed rate was 6.67% in August, the sixth straight monthly rise from February’s 6.05% trough. Payment math kept tightening while list prices eased — the combination that usually forces the next round of cuts if inventory stays elevated into fall.

Composition notes: listing price per square foot reached $296 (up from $283 last August), and the median listing measured 2,248 square feet, essentially unchanged year over year. August’s price gain is mostly rate-of-ground, not a bigger house.

Corridor lens

The series above is county-level — Realtor.com does not publish sub-county splits — so corridor reads are qualitative, anchored to what the census and tax structures already establish about each market:

• Lower Bucks remains the most payment-sensitive corridor; a sixth consecutive rate increase plus slower days on market is where stalled listings turn into cuts first.
• Central Bucks still anchors the county median; the faster half of the 42-day distribution lives in the school-premium towns, and that is where correctly priced homes still clear.
• Upper Bucks is where late-summer inventory is physically possible — land and newer construction absorb more of the county’s 20% active-listing gain.
• River Corridor towns stay scenically supply-capped; a county-wide inventory rebuild mostly bypasses them, which is why their asking prices hold when the county median softens.

What it means

Buyers: the deepest August selection in seven years, with nearly two in five sellers already negotiating against their open price. Use the extra days on market — inspect, compare, and read cut history — rather than waiting for a crash that the year-over-year price gain has not delivered.

Sellers: two months of median decline, inventory still 20% above last August, and a rising cut share from July. Open at the last 90 days of comparable pendings, not at June’s print. The 384 listings already carrying a reduction are what an aspirational August ask looks like in this tape.

Listing data describes asking behavior, not closed outcomes. Confirm any property-level decision against actual comparable sales through a licensed professional or the county records linked on every town page.