The Long & Foster Market Minute

Focus On: Collegeville Housing Market October 2017

Zip Code(s): 19426 and 19453
Units Sold
47
Active Inventory
160
Median Sale Price
$350,000
Days On Market
34
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -15%
Vs. Year Ago
Down -16%
Vs. Year Ago
Down -5%
Vs. Year Ago
Down -52%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 47 sold this month in Collegeville Real Estate versus 45 last month, an increase of 4%. This month's total units sold was lower than at this time last year, a decrease of 15% versus October 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 31 units or 16%. The total number of active inventory this October was 160 compared to 191 in October 2016. This month's total of 160 is lower than the previous month's total supply of available inventory of 165, a decrease of 3%.

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Median Sale Price
Last October, the median sale price for Collegeville Homes was $370,000. This October, the median sale price was $350,000, a decrease of 5% or $20,000 compared to last year. The current median sold price is 5% lower 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.

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New Listings
46
Current Contracts
28
Sold Vs. List Price
100.6%
Months of Supply
3.4
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -37%
Vs. Year Ago
Down -46%
Vs. Year Ago
Down -1.5%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In October, there was 3.4 months of supply available in Collegeville. The amount of supply is similar compared to 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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New Listings & Current Contracts
This month there were 46 homes newly listed for sale in Collegeville compared to 73 in October 2016, a decrease of 37%. There were 28 current contracts pending sale this October compared to 52 a year ago. The number of current contracts is 46% lower than last October.

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Sale Price to List Price Ratio
In October, the average sale price in Collegeville was 100.6% of the average list price, which is 1.6% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 34, lower than the average last year, which was 71, a decrease of 52%.

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The Long & Foster Market Minute Collegeville are defined as properties listed in zip code/s 19426 and 19453.
*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.