The Long & Foster Market Minute

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

Zip Code(s): 19403 and 19456
Units Sold
46
Active Inventory
145
Median Sale Price
$255,000
Days On Market
39
Down -19%
Vs. Year Ago
Down -22%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 11%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 46 sold this month in Audubon, East Norriton, and West Norriton Real Estate versus 67 last month, a decrease of 31%. This month's total units sold was lower than at this time last year, a decrease of 19% versus September 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 40 units or 22%. The total number of active inventory this September was 145 compared to 185 in September 2018. This month's total of 145 is lower than the previous month's total supply of available inventory of 148, a decrease of 2%.

Median Sale Price
Last September, the median sale price for Audubon, East Norriton, and West Norriton Homes was $260,000. This September, the median sale price was $255,000, a decrease of 2% or $5,000 compared to last year. The current median sold price is 7% lower than in August.

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


New Listings
66
Current Contracts
46
Sold Vs. List Price
98.2%
Months of Supply
3.2
Down -22%
Vs. Year Ago
Up 2%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In September, there was 3.2 months of supply available in Audubon, East Norriton, and West Norriton. The amount of supply is similar compared to 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 66 homes newly listed for sale in Audubon, East Norriton, and West Norriton compared to 85 in September 2018, a decrease of 22%. There were 46 current contracts pending sale this September compared to 45 a year ago. The number of current contracts is 2% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Audubon, East Norriton, and West Norriton was 98.2% 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 39, higher than the average last year, which was 35, an increase of 11%.

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.