Determining if our market is good to invest in.

[Account Closed]

I think this is the right sub group to talk about this. My wife and I are researching the Montgomeryville, PA market and noticing quite a few houses are dropping in price. They're still decent prices but I'm wondering if this is a sign of a downward market. Are there investors in this market noticing anything similar or am I way off? Should we hold off until the market stabilizes more? We are looking at buy and hold opportunities in the 3/2 range about 1500 sqft and built after 1950s.

[Ned Carey]

In part it depends on what you want to do.  The answer might be different if you want to flip vs buy and hold.  If rents and demand for rentals remain high droppping prices is  good for you if you are a landlord. 

Two months including august (vacation month) is not enough for a clear trend. Another factor is the days on market average and the number of sales.