The Long & Foster Market Minute
Focus On: Audubon, East Norriton, and West Norriton Housing Market July 2017
Zip Code(s): 19403 and 19456
Units Sold
66
Active Inventory
166
Median Sale Price
$251,500
Days On Market
33
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -20%
Vs. Year Ago
Down -26%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -40%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in July, with 66 sold this month in Audubon, East Norriton, and West Norriton Real Estate versus 69 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 20% versus July 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 59 units or 26%. The total number of active inventory this July was 166 compared to 225 in July 2016. This month's total of 166 is higher than the previous month's total supply of available inventory of 147, an increase of 13%.

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Median Sale Price
Last July, the median sale price for Audubon, East Norriton, and West Norriton Homes was $245,000. This July, the median sale price was $251,500, an increase of 3% or $6,500 compared to last year. The current median sold price is 3% lower than in June.

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
75
Current Contracts
37
Sold Vs. List Price
97.4%
Months of Supply
2.5
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 3%
Vs. Year Ago
Down -41%
Vs. Year Ago
No Change
Vs. Year Ago
Down -7%
Vs. Year Ago
Months of Supply
In July, there was 2.5 months of supply available in Audubon, East Norriton, and West Norriton, compared to 2.7 in July 2016. That is a decrease of 7% 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 75 homes newly listed for sale in Audubon, East Norriton, and West Norriton compared to 73 in July 2016, an increase of 3%. There were 37 current contracts pending sale this July compared to 63 a year ago. The number of current contracts is 41% lower than last July.

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Sale Price to List Price Ratio
In July, the average sale price in Audubon, East Norriton, and West Norriton was 97.4% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 33, lower than the average last year, which was 55, a decrease of 40%.

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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 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.