The Long & Foster Market Minute

Focus On: Downingtown Housing Market April 2019

Zip Code(s): 19335 and 19372
Units Sold
59
Active Inventory
141
Median Sale Price
$349,900
Days On Market
40
Up 9%
Vs. Year Ago
Down -22%
Vs. Year Ago
Up 14%
Vs. Year Ago
Up 5%
Vs. Year Ago

Units Sold
The number of units sold remained stable in April, with 59 sold this month in Downingtown Real Estate. This month's total units sold was higher than at this time last year, an increase of 10% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 39 units or 22%. The total number of active inventory this April was 141 compared to 180 in April 2018. This month's total of 141 is higher than the previous month's total supply of available inventory of 139, an increase of 1%.

Median Sale Price
Last April, the median sale price for Downingtown Homes was $307,000. This April, the median sale price was $349,900, an increase of 14% or $42,900 compared to last year. The current median sold price is 3% lower 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
106
Current Contracts
82
Sold Vs. List Price
99.1%
Months of Supply
2.4
Down -10%
Vs. Year Ago
Down -17%
Vs. Year Ago
No Change
Vs. Year Ago
Down -28%
Vs. Year Ago

Months of Supply
In April, there was 2.4 months of supply available in Downingtown, compared to 3.3 in April 2018. That is a decrease of 28% 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 106 homes newly listed for sale in Downingtown compared to 118 in April 2018, a decrease of 10%. There were 82 current contracts pending sale this April compared to 99 a year ago. The number of current contracts is 17% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Downingtown was 99.1% 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 40, higher than the average last year, which was 38, an increase of 5%.

The Long & Foster Market Minute Downingtown are defined as properties listed in zip code/s 19335 and 19372.
*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.