The Long & Foster Market Minute
Focus On: Ardmore, Wynnewood, and Narberth Housing Market April 2017
Zip Code(s): 19003, 19096, 19072, 19004 and 19066
Units Sold
56
Active Inventory
267
Median Sale Price
$440,000
Days On Market
93
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 10%
Vs. Year Ago
Down -14%
Vs. Year Ago
Up 28%
Vs. Year Ago
Up 24%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in April, with 56 sold this month in Ardmore, Wynnewood, and Narberth Real Estate versus 66 last month, a decrease of 15%. This month's total units sold was higher than at this time last year, an increase of 10% versus April 2016.

Click here to compare the units sold of this area against other locations.
Active Inventory
Versus last year, the total number of homes available this month is lower by 44 units or 14%. The total number of active inventory this April was 267 compared to 311 in April 2016. This month's total of 267 is higher than the previous month's total supply of available inventory of 235, an increase of 14%.

Click here to compare the active inventory of this area against other locations.
Median Sale Price
Last April, the median sale price for Ardmore, Wynnewood, and Narberth Homes was $343,500. This April, the median sale price was $440,000, an increase of $96,500 compared to last year. The current median sold price is higher than in March.

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

Click here to compare the median sale price of this area against other locations.
New Listings
116
Current Contracts
64
Sold Vs. List Price
96.4%
Months of Supply
4.8
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -22%
Vs. Year Ago
Down -30%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Down -22%
Vs. Year Ago
Months of Supply
In April, there was 4.8 months of supply available in Ardmore, Wynnewood, and Narberth, compared to 6.1 in April 2016. That is a decrease of 22% 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.

Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts
This month there were 116 homes newly listed for sale in Ardmore, Wynnewood, and Narberth compared to 149 in April 2016, a decrease of 22%. There were 64 current contracts pending sale this April compared to 92 a year ago. The number of current contracts is 30% lower than last April.

Click here to compare the new listings of this area against other locations.

Click here to compare the current contracts of this area against other locations.
Sale Price to List Price Ratio
In April, the average sale price in Ardmore, Wynnewood, and Narberth was 96.4% of the average list price, which is 0.7% lower than at this time last year.

Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market
This month, the average number of days on market was 93, higher than the average last year, which was 75, an increase of 24%.

Click here to compare the days on market of this area against other locations.
Ardmore, Wynnewood, and Narberth are defined as properties listed in zip code/s 19003, 19096, 19072, 19004 and 19066, and includes but is not limited to Ardmore, Wynnewood, Narberth, Merion, and Bala Cynwyd.
*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.