The Long & Foster Market Minute

Focus On: Audubon, East Norriton, and West Norriton Housing Market December 2020

Zip Code(s): 19403 and 19456
Units Sold
64
Active Inventory
49
Median Sale Price
$326,500
Days On Market
16
Up 3%
Vs. Year Ago
Down -50%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -70%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 64 sold this month in Audubon, East Norriton, and West Norriton Real Estate versus 71 last month, a decrease of 10%. This month's total units sold was higher than at this time last year, an increase of 3% versus December 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 49 units or 50%. The total number of active inventory this December was 49 compared to 98 in December 2019. This month's total of 49 is lower than the previous month's total supply of available inventory of 62, a decrease of 21%.

Median Sale Price
Last December, the median sale price for Audubon, East Norriton, and West Norriton Homes was $295,000. This December, the median sale price was $326,500, an increase of 11% or $31,500 compared to last year. The current median sold price is 4% 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
33
Current Contracts
41
Sold Vs. List Price
99.8%
Months of Supply
0.8
Up 10%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -51%
Vs. Year Ago

Months of Supply
In December, there was 0.8 months of supply available in Audubon, East Norriton, and West Norriton, compared to 1.6 in December 2019. That is a decrease of 52% 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 33 homes newly listed for sale in Audubon, East Norriton, and West Norriton compared to 30 in December 2019, an increase of 10%. There were 41 current contracts pending sale this December compared to 37 a year ago. The number of current contracts is 11% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Audubon, East Norriton, and West Norriton was 99.8% of the average list price, which is 2.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 16, lower than the average last year, which was 53, a decrease of 70%.

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.