The Long & Foster Market Minute

Focus On: Collegeville Housing Market December 2019

Zip Code(s): 19426 and 19453
Units Sold
44
Active Inventory
96
Median Sale Price
$331,918
Days On Market
42
Down -6%
Vs. Year Ago
Down -36%
Vs. Year Ago
Up 23%
Vs. Year Ago
Down -9%
Vs. Year Ago

Units Sold
The number of units sold remained stable in December, with 44 sold this month in Collegeville Real Estate. This month's total units sold was lower than at this time last year, a decrease of 33% versus December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 54 units or 36%. The total number of active inventory this December was 96 compared to 150 in December 2018. This month's total of 96 is lower than the previous month's total supply of available inventory of 138, a decrease of 30%.

Median Sale Price
Last December, the median sale price for Collegeville Homes was $270,000. This December, the median sale price was $331,918, an increase of 23% or $61,918 compared to last year. The current median sold price is 8% lower than in November.

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


New Listings
20
Current Contracts
23
Sold Vs. List Price
98.8%
Months of Supply
2.2
Down -33%
Vs. Year Ago
Down -23%
Vs. Year Ago
No Change
Vs. Year Ago
Down -32%
Vs. Year Ago

Months of Supply
In December, there was 2.2 months of supply available in Collegeville, compared to 3.2 in December 2018. That is a decrease of 32% 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 20 homes newly listed for sale in Collegeville compared to 30 in December 2018, a decrease of 33%. There were 23 current contracts pending sale this December compared to 30 a year ago. The number of current contracts is 23% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Collegeville was 98.8% 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 42, lower than the average last year, which was 46, a decrease of 9%.

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.