The Long & Foster Market Minute

Focus On: Blue Ball, Talleyville, and West Farm Housing Market December 2017

Zip Code(s): 19803, 19807, 19732, 19710 and 19736
Units Sold
41
Active Inventory
102
Median Sale Price
$415,000
Days On Market
71
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 28%
Vs. Year Ago
Down -31%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 39%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 41 sold this month in Blue Ball, Talleyville, and West Farm Real Estate. This month's total units sold was higher than at this time last year.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 46 units or 31%. The total number of active inventory this December was 102 compared to 148 in December 2016. This month's total of 102 is lower than the previous month's total supply of available inventory of 129, a decrease of 21%.

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Median Sale Price
Last December, the median sale price for Blue Ball, Talleyville, and West Farm Homes was $372,500. This December, the median sale price was $415,000, an increase of 11% or $42,500 compared to last year. The current median sold price is 8% lower than in November.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

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New Listings
11
Current Contracts
16
Sold Vs. List Price
97.8%
Months of Supply
2.5
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -58%
Vs. Year Ago
Down -47%
Vs. Year Ago
Up 4.2%
Vs. Year Ago
Down -46%
Vs. Year Ago

Months of Supply
In December, there was 2.5 months of supply available in Blue Ball, Talleyville, and West Farm, compared to 4.6 in December 2016. That is a decrease of 46% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

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New Listings & Current Contracts
This month there were 11 homes newly listed for sale in Blue Ball, Talleyville, and West Farm compared to 26 in December 2016, a decrease of 58%. There were 16 current contracts pending sale this December compared to 30 a year ago. The number of current contracts is 47% lower than last December.

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Click here to compare the current contracts of this area against other locations.
Sale Price to List Price Ratio
In December, the average sale price in Blue Ball, Talleyville, and West Farm was 97.8% of the average list price, which is 4.0% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 71, higher than the average last year, which was 51, an increase of 39%.

Error 2042
The Long & Foster Market Minute Blue Ball, Talleyville, and West Farm are defined as properties listed in zip code/s 19803, 19807, 19732, 19710 and 19736.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by TReND and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TReND or Long & Foster Real Estate, Inc.