The Long & Foster Market Minute

Focus On: Audubon, East Norriton, and West Norriton Housing Market December 2019

Zip Code(s): 19403 and 19456
Units Sold
62
Active Inventory
91
Median Sale Price
$295,000
Days On Market
54
Up 35%
Vs. Year Ago
Down -22%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 4%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 62 sold this month in Audubon, East Norriton, and West Norriton Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 26 units or 22%. The total number of active inventory this December was 91 compared to 117 in December 2018. This month's total of 91 is lower than the previous month's total supply of available inventory of 125, a decrease of 27%.

Median Sale Price
Last December, the median sale price for Audubon, East Norriton, and West Norriton Homes was $267,000. This December, the median sale price was $295,000, an increase of $28,000 compared to last year. The current median sold price is 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
30
Current Contracts
39
Sold Vs. List Price
97.8%
Months of Supply
1.5
Up 20%
Vs. Year Ago
Up 22%
Vs. Year Ago
No Change
Vs. Year Ago
Down -42%
Vs. Year Ago

Months of Supply
In December, there was 1.5 months of supply available in Audubon, East Norriton, and West Norriton, compared to 2.5 in December 2018. That is a decrease of 42% 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 30 homes newly listed for sale in Audubon, East Norriton, and West Norriton compared to 25 in December 2018, an increase of 20%. There were 39 current contracts pending sale this December compared to 32 a year ago. The number of current contracts is 22% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Audubon, East Norriton, and West Norriton was 97.8% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 54, higher than the average last year, which was 52, an increase of 4%.

The Long & Foster Market Minute Audubon, East Norriton, and West Norriton are defined as properties listed in zip code/s 19403 and 19456.
*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.