Chester Springs and Exton Housing Market Data

There was a decrease in total units sold in April, with 23 sold this month in Chester Springs and Exton Real Estate versus 25 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 21% versus April 2019.

Versus last year, the total number of homes available this month is lower by 36 units or 35%. The total number of active inventory this April was 66 compared to 102 in April 2019. This month's total of 66 is lower than the previous month's total supply of available inventory of 74, a decrease of 11%.

Last April, the median sale price for Chester Springs and Exton Homes was $400,000. This April, the median sale price was $432,500, an increase of 8% or $32,500 compared to last year. The current median sold price is 9% higher than in March.

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

In April, there was 2.9 months of supply available in Chester Springs and Exton, compared to 3.5 in April 2019. That is a decrease of 18% 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 19 homes newly listed for sale in Chester Springs and Exton compared to 71 in April 2019, a decrease of 73%. There were 16 current contracts pending sale this April compared to 54 a year ago. The number of current contracts is 70% lower than last April.

In April, the average sale price in Chester Springs and Exton was 98.5% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 35, lower than the average last year, which was 39, a decrease of 10%.





Focus On: Chester Springs and Exton Housing Market			April 2020

Zip Code(s): 19425, 19341, 19421 and 19480
Units Sold 23	Active Inventory 66	Median Sale Price $432,500	Days On Market 35

Down -21% Vs. Year Ago	Down -35% Vs. Year Ago	Up 8% Vs. Year Ago	Down -10% Vs. Year Ago


		Units Sold There was a decrease in total units sold in April, with 23 sold this month in Chester Springs and Exton Real Estate versus 25 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 21% versus April 2019.
Active Inventory Versus last year, the total number of homes available this month is lower by 36 units or 35%. The total number of active inventory this April was 66 compared to 102 in April 2019. This month's total of 66 is lower than the previous month's total supply of available inventory of 74, a decrease of 11%.
		Median Sale Price Last April, the median sale price for Chester Springs and Exton Homes was $400,000. This April, the median sale price was $432,500, an increase of 8% or $32,500 compared to last year. The current median sold price is 9% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 19	Current Contracts 16	Sold Vs. List Price 98.5%	Months of Supply 2.9

Down -73% Vs. Year Ago	Down -70% Vs. Year Ago	No Change Vs. Year Ago	Down -18% Vs. Year Ago


		Months of Supply In April, there was 2.9 months of supply available in Chester Springs and Exton, compared to 3.5 in April 2019. That is a decrease of 18% 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 19 homes newly listed for sale in Chester Springs and Exton compared to 71 in April 2019, a decrease of 73%. There were 16 current contracts pending sale this April compared to 54 a year ago. The number of current contracts is 70% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Chester Springs and Exton was 98.5% 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 35, lower than the average last year, which was 39, a decrease of 10%.


	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.