Chester Springs and Exton Housing Market Data

There was a decrease in total units sold in July, with 52 sold this month in Chester Springs and Exton Real Estate versus 60 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 2% versus July 2016.

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Versus last year, the total number of homes available this month is lower by 28 units or 16%. The total number of active inventory this July was 149 compared to 177 in July 2016. This month's total of 149 is higher than the previous month's total supply of available inventory of 145, an increase of 3%.

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Last July, the median sale price for Chester Springs and Exton Homes was $389,900. This July, the median sale price was $417,000, an increase of 7% or $27,100 compared to last year. The current median sold price is 9% 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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In July, there was 2.9 months of supply available in Chester Springs and Exton, compared to 3.3 in July 2016. That is a decrease of 14% 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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This month there were 58 homes newly listed for sale in Chester Springs and Exton compared to 48 in July 2016, an increase of 21%. There were 33 current contracts pending sale this July compared to 48 a year ago. The number of current contracts is 31% lower than last July.

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Click here to compare the current contracts of this area against other locations.

In July, the average sale price in Chester Springs and Exton was 99.5% of the average list price, which is 0.7% higher than at this time last year.

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This month, the average number of days on market was 47, lower than the average last year, which was 48, a decrease of 2%.

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Focus On: Chester Springs and Exton Housing Market			July 2017
Zip Code(s): 19425, 19341, 19421 and 19480
Units Sold 52	Active Inventory 149	Median Sale Price $417,000	Days On Market 47

Down -2% Vs. Year Ago	Down -16% Vs. Year Ago	Up 7% Vs. Year Ago	Down -2% Vs. Year Ago

iCharts		Units Sold There was a decrease in total units sold in July, with 52 sold this month in Chester Springs and Exton Real Estate versus 60 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 2% versus July 2016. Click here to compare the units sold of this area against other locations.
Active Inventory Versus last year, the total number of homes available this month is lower by 28 units or 16%. The total number of active inventory this July was 149 compared to 177 in July 2016. This month's total of 149 is higher than the previous month's total supply of available inventory of 145, an increase of 3%. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last July, the median sale price for Chester Springs and Exton Homes was $389,900. This July, the median sale price was $417,000, an increase of 7% or $27,100 compared to last year. The current median sold price is 9% 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. Click here to compare the median sale price of this area against other locations.



New Listings 58	Current Contracts 33	Sold Vs. List Price 99.5%	Months of Supply 2.9

Up 21% Vs. Year Ago	Down -31% Vs. Year Ago	Up 0.7% Vs. Year Ago	Down -14% Vs. Year Ago

iCharts		Months of Supply In July, there was 2.9 months of supply available in Chester Springs and Exton, compared to 3.3 in July 2016. That is a decrease of 14% 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. Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts This month there were 58 homes newly listed for sale in Chester Springs and Exton compared to 48 in July 2016, an increase of 21%. There were 33 current contracts pending sale this July compared to 48 a year ago. The number of current contracts is 31% lower than last July. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		Sale Price to List Price Ratio In July, the average sale price in Chester Springs and Exton was 99.5% of the average list price, which is 0.7% higher than at this time last year. Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market This month, the average number of days on market was 47, lower than the average last year, which was 48, a decrease of 2%. Click here to compare the days on market of this area against other locations.		iCharts



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 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.