The Long & Foster Market Minute

Focus On: Collegeville Housing Market February 2019

Zip Code(s): 19426 and 19453
Units Sold
30
Active Inventory
142
Median Sale Price
$297,500
Days On Market
80
Up
Vs. Year Ago
Down -5%
Vs. Year Ago
Down -18%
Vs. Year Ago
Up
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in February, with 30 sold this month in Collegeville Real Estate. This month's total units sold was higher than at this time last year, an increase from February 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 8 units or 5%. The total number of active inventory this February was 142 compared to 150 in February 2018. This month's total of 142 is lower than the previous month's total supply of available inventory of 144, a decrease of 1%.

Median Sale Price
Last February, the median sale price for Collegeville Homes was $361,000. This February, the median sale price was $297,500, a decrease of 18% or $63,500 compared to last year. The current median sold price is 1% lower than in January.

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


New Listings
59
Current Contracts
40
Sold Vs. List Price
98.1%
Months of Supply
4.7
Up 4%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down
Vs. Year Ago
Down -50%
Vs. Year Ago

Months of Supply
In February, there was 4.7 months of supply available in Collegeville, compared to 9.4 in February 2018. That is a decrease of 50% 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 59 homes newly listed for sale in Collegeville compared to 57 in February 2018, an increase of 4%. There were 40 current contracts pending sale this February compared to 39 a year ago. The number of current contracts is 3% higher than last February.

Sale Price to List Price Ratio
In February, the average sale price in Collegeville was 98.1% of the average list price, which is lower than at this time last year.

Days on Market
This month, the average number of days on market was 80, higher than the average last year, which was 49. This increase was impacted by the limited number of sales.

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 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.