Chester Springs and Exton Housing Market Data

With relatively few transactions, there was a decrease in total units sold in October, with 22 sold this month in Chester Springs and Exton Real Estate. This month's total units sold was lower than at this time last year, a decrease from October 2017.

Versus last year, the total number of homes available this month is lower by 18 units or 13%. The total number of active inventory this October was 119 compared to 137 in October 2017. This month's total of 119 is lower than the previous month's total supply of available inventory of 124, a decrease of 4%.

Last October, the median sale price for Chester Springs and Exton Homes was $452,750. This October, the median sale price was $437,000, a decrease of 3% or $15,750 compared to last year. The current median sold price is 7% higher than in September.

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

In October, there was 5.4 months of supply available in Chester Springs and Exton, compared to 3.1 in October 2017. That is an increase of 74% 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.

This month there were 54 homes newly listed for sale in Chester Springs and Exton compared to 39 in October 2017, an increase of 38%. There were 31 current contracts pending sale this October compared to 34 a year ago. The number of current contracts is 9% lower than last October.

In October, the average sale price in Chester Springs and Exton was 96.8% of the average list price, which is 2.0% lower than at this time last year.

This month, the average number of days on market was 53, higher than the average last year, which was 50, an increase of 6%.





Focus On: Chester Springs and Exton Housing Market			October 2018

Zip Code(s): 19425, 19341, 19421 and 19480
Units Sold 22	Active Inventory 119	Median Sale Price $437,000	Days On Market 53

Down Vs. Year Ago	Down -13% Vs. Year Ago	Down -3% Vs. Year Ago	Up 6% Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in October, with 22 sold this month in Chester Springs and Exton Real Estate. This month's total units sold was lower than at this time last year, a decrease from October 2017.
Active Inventory Versus last year, the total number of homes available this month is lower by 18 units or 13%. The total number of active inventory this October was 119 compared to 137 in October 2017. This month's total of 119 is lower than the previous month's total supply of available inventory of 124, a decrease of 4%.
		Median Sale Price Last October, the median sale price for Chester Springs and Exton Homes was $452,750. This October, the median sale price was $437,000, a decrease of 3% or $15,750 compared to last year. The current median sold price is 7% higher than in September. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 54	Current Contracts 31	Sold Vs. List Price 96.8%	Months of Supply 5.4

Up 38% Vs. Year Ago	Down -9% Vs. Year Ago	Down -2.1% Vs. Year Ago	Up 74% Vs. Year Ago


		Months of Supply In October, there was 5.4 months of supply available in Chester Springs and Exton, compared to 3.1 in October 2017. That is an increase of 74% 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 54 homes newly listed for sale in Chester Springs and Exton compared to 39 in October 2017, an increase of 38%. There were 31 current contracts pending sale this October compared to 34 a year ago. The number of current contracts is 9% lower than last October.
		Sale Price to List Price Ratio In October, the average sale price in Chester Springs and Exton was 96.8% of the average list price, which is 2.0% lower than at this time last year. Days on Market This month, the average number of days on market was 53, higher than the average last year, which was 50, an increase of 6%.


	Chester Springs and Exton are defined as properties listed in zip code/s 19425, 19341, 19421 and 19480.
	*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.
	Information 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.