The Long & Foster Market Minute

Focus On: Collegeville Housing Market May 2018

Zip Code(s): 19426 and 19453
Units Sold
67
Active Inventory
166
Median Sale Price
$347,000
Days On Market
30
Up 16%
Vs. Year Ago
Down -14%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -17%
Vs. Year Ago

Units Sold
There was an increase in total units sold in May, with 67 sold this month in Collegeville Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 27 units or 14%. The total number of active inventory this May was 166 compared to 193 in May 2017. This month's total of 166 is higher than the previous month's total supply of available inventory of 160, an increase of 4%.

Median Sale Price
Last May, the median sale price for Collegeville Homes was $377,500. This May, the median sale price was $347,000, a decrease of 8% or $30,500 compared to last year. The current median sold price is 7% lower than in April.

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


New Listings
100
Current Contracts
65
Sold Vs. List Price
100.7%
Months of Supply
2.5
Up 1%
Vs. Year Ago
Down -6%
Vs. Year Ago
Down -1.8%
Vs. Year Ago
Down -26%
Vs. Year Ago

Months of Supply
In May, there was 2.5 months of supply available in Collegeville, compared to 3.3 in May 2017. That is a decrease of 26% 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 100 homes newly listed for sale in Collegeville compared to 99 in May 2017, an increase of 1%. There were 65 current contracts pending sale this May compared to 69 a year ago. The number of current contracts is 6% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Collegeville was 100.7% of the average list price, which is 1.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 30, lower than the average last year, which was 36, a decrease of 17%.

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.