The Long & Foster Market Minute
Focus On: Bryn Mawr, Villanova, and Gladwynne Housing Market June 2012
Zip Code(s): 19010, 19085, 19035 and 19041
Units Sold
58
Active Inventory
370
Median Sale Price
$577,500
Days On Market
121
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
No Change
Vs. Year Ago
Down -12%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 38%
Vs. Year Ago
Units Sold
There was an increase in total units sold in June, with 58 sold this month in Bryn Mawr, Villanova, and Gladwynne Real Estate, an increase of 14%. This month's total units sold is similar compared to a year ago.
Active Inventory
Versus last year, the total number of homes available this month is lower by 50 units or 12%. The total number of active inventory this June was 370 compared to 420 in June 2011. This month's total of 370 is higher than the previous month's total supply of available inventory of 357, an increase of 4%.
Median Sale Price
Last June, the median sale price for Bryn Mawr, Villanova, and Gladwynne Homes was $692,000. This June, the median sale price was $577,500, a decrease of 17% or $114,500 compared to last year. The current median sold price is 6% lower than in May.

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

New Listings
75
Current Contracts
28
Sold Vs. List Price
93.5%
Months of Supply
6.4
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 3%
Vs. Year Ago
Down -20%
Vs. Year Ago
No Change
Vs. Year Ago
Down -12%
Vs. Year Ago
Months of Supply
In June, there was 6.4 months of supply available in Bryn Mawr, Villanova, and Gladwynne, compared to 7.2 in June 2011. That is a decrease of 12% 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 75 homes newly listed for sale in Bryn Mawr, Villanova, and Gladwynne compared to 73 in June 2011, an increase of 3%. There were 28 current contracts pending sale this June compared to 35 a year ago. The number of current contracts is 20% lower than last June.
Sale Price to List Price Ratio
In June, the average sale price in Bryn Mawr, Villanova, and Gladwynne was 93.5% 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 121, higher than the average last year, which was 88, an increase of 38%.
Bryn Mawr, Villanova, and Gladwynne are defined as properties listed in zip code/s 19010, 19085, 19035 and 19041, and includes but is not limited to Bryn Mawr, Villanova, Gladwynne, and Haverford.
*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.