The Long & Foster Market Minute

Focus On: Blue Ball, Talleyville, and West Farm Housing Market March 2018

Zip Code(s): 19803, 19807, 19732, 19710 and 19736
Units Sold
31
Active Inventory
111
Median Sale Price
$427,500
Days On Market
79
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down
Vs. Year Ago
Down -23%
Vs. Year Ago
Up
Vs. Year Ago
Up 18%
Vs. Year Ago

Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 31 sold this month in Blue Ball, Talleyville, and West Farm Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2017.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 33 units or 23%. The total number of active inventory this March was 111 compared to 144 in March 2017. This month's total of 111 is higher than the previous month's total supply of available inventory of 98, an increase of 13%.

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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Blue Ball, Talleyville, and West Farm Homes was $356,000. This March, the median sale price was $427,500, an increase of $71,500 compared to last year. The current median sold price is higher than in February.

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
50
Current Contracts
30
Sold Vs. List Price
97.7%
Months of Supply
3.6
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -33%
Vs. Year Ago
Down -45%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In March, there was 3.6 months of supply available in Blue Ball, Talleyville, and West Farm. The amount of supply is similar compared to 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 50 homes newly listed for sale in Blue Ball, Talleyville, and West Farm compared to 75 in March 2017, a decrease of 33%. There were 30 current contracts pending sale this March compared to 55 a year ago. The number of current contracts is 45% lower than last March.

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Click here to compare the current contracts of this area against other locations.
Sale Price to List Price Ratio
In March, the average sale price in Blue Ball, Talleyville, and West Farm was 97.7% of the average list price, which is 0.7% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 79, higher than the average last year, which was 67, an increase of 18%.

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.