The Long & Foster Market Minute

Focus On: Ardmore, Wynnewood, and Narberth Housing Market December 2020

Zip Code(s): 19003, 19096, 19072, 19004 and 19066
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -5%
Vs. Year Ago
Down -30%
Vs. Year Ago
Down -4%
Vs. Year Ago
Down -29%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 61 sold this month in Ardmore, Wynnewood, and Narberth Real Estate versus 73 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 5% versus December 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 36 units or 30%. The total number of active inventory this December was 85 compared to 121 in December 2019. This month's total of 85 is lower than the previous month's total supply of available inventory of 99, a decrease of 14%.

Median Sale Price
Last December, the median sale price for Ardmore, Wynnewood, and Narberth Homes was $479,500. This December, the median sale price was $460,000, a decrease of 4% or $19,500 compared to last year. The current median sold price is 2% higher 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.

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 63%
Vs. Year Ago
Up 24%
Vs. Year Ago
Up 2.2%
Vs. Year Ago
Down -26%
Vs. Year Ago

Months of Supply
In December, there was 1.4 months of supply available in Ardmore, Wynnewood, and Narberth, compared to 1.9 in December 2019. That is a decrease of 26% 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.

New Listings & Current Contracts
This month there were 49 homes newly listed for sale in Ardmore, Wynnewood, and Narberth compared to 30 in December 2019, an increase of 63%. There were 47 current contracts pending sale this December compared to 38 a year ago. The number of current contracts is 24% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Ardmore, Wynnewood, and Narberth was 100.0% of the average list price, which is 2.1% higher than at this time last year.

Days on Market
This month, the average number of days on market was 41, lower than the average last year, which was 58, a decrease of 29%.

The Long & Foster Market Minute 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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.