Chester Springs and Exton Housing Market Data

There was a decrease in total units sold in August, with 44 sold this month in Chester Springs and Exton Real Estate versus 60 last month, a decrease of 27%. This month's total units sold was lower than at this time last year, a decrease of 4% versus August 2018.

Versus last year, the total number of homes available this month is lower by 34 units or 27%. The total number of active inventory this August was 94 compared to 128 in August 2018. This month's total of 94 is lower than the previous month's total supply of available inventory of 116, a decrease of 19%.

Last August, the median sale price for Chester Springs and Exton Homes was $429,500. This August, the median sale price was $417,500, a decrease of 3% or $12,000 compared to last year. The current median sold price is 18% lower than in July.

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

In August, there was 2.1 months of supply available in Chester Springs and Exton, compared to 2.8 in August 2018. That is a decrease of 23% 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 51 homes newly listed for sale in Chester Springs and Exton, which is similar to the amount in August 2018. There were 46 current contracts pending sale this August compared to 38 a year ago. The number of current contracts is 21% higher than last August.

In August, the average sale price in Chester Springs and Exton was 97.1% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 35, higher than the average last year, which was 25, an increase of 40%.





Focus On: Chester Springs and Exton Housing Market			August 2019

Zip Code(s): 19425, 19341, 19421 and 19480
Units Sold 44	Active Inventory 94	Median Sale Price $417,500	Days On Market 35

Down -4% Vs. Year Ago	Down -27% Vs. Year Ago	Down -3% Vs. Year Ago	Up 40% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 44 sold this month in Chester Springs and Exton Real Estate versus 60 last month, a decrease of 27%. This month's total units sold was lower than at this time last year, a decrease of 4% versus August 2018.
Active Inventory Versus last year, the total number of homes available this month is lower by 34 units or 27%. The total number of active inventory this August was 94 compared to 128 in August 2018. This month's total of 94 is lower than the previous month's total supply of available inventory of 116, a decrease of 19%.
		Median Sale Price Last August, the median sale price for Chester Springs and Exton Homes was $429,500. This August, the median sale price was $417,500, a decrease of 3% or $12,000 compared to last year. The current median sold price is 18% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 51	Current Contracts 46	Sold Vs. List Price 97.1%	Months of Supply 2.1

No Change Vs. Year Ago	Up 21% Vs. Year Ago	No Change Vs. Year Ago	Down -23% Vs. Year Ago


		Months of Supply In August, there was 2.1 months of supply available in Chester Springs and Exton, compared to 2.8 in August 2018. That is a decrease of 23% 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 51 homes newly listed for sale in Chester Springs and Exton, which is similar to the amount in August 2018. There were 46 current contracts pending sale this August compared to 38 a year ago. The number of current contracts is 21% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Chester Springs and Exton was 97.1% 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 35, higher than the average last year, which was 25, an increase of 40%.


	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.