Downingtown Housing Market Data

There was an increase in total units sold in March, with 65 sold this month in Downingtown Real Estate versus 57 last month, an increase of 14%. This month's total units sold was lower than at this time last year, a decrease of 10% versus March 2020.

Versus last year, the total number of homes available this month is lower by 98 units or 72%. The total number of active inventory this March was 39 compared to 137 in March 2020. This month's total of 39 is lower than the previous month's total supply of available inventory of 41, a decrease of 5%.

Last March, the median sale price for Downingtown Homes was $349,045. This March, the median sale price was $445,327, an increase of $96,282 compared to last year. The current median sold price is higher than in February.

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

In March, there was 0.6 months of supply available in Downingtown, compared to 1.9 in March 2020. That is a decrease of 68% 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.

This month there were 94 homes newly listed for sale in Downingtown compared to 105 in March 2020, a decrease of 10%. There were 89 current contracts pending sale this March compared to 65 a year ago. The number of current contracts is 37% higher than last March.

In March, the average sale price in Downingtown was 104.6% of the average list price, which is 4.3% higher than at this time last year.

This month, the average number of days on market was 14, lower than the average last year, which was 35, a decrease of 60%.





Focus On: Downingtown Housing Market			March 2021

Zip Code(s): 19335 and 19372
Units Sold 65	Active Inventory 39	Median Sale Price $445,327	Days On Market 14

Down -10% Vs. Year Ago	Down -72% Vs. Year Ago	Up 28% Vs. Year Ago	Down -60% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 65 sold this month in Downingtown Real Estate versus 57 last month, an increase of 14%. This month's total units sold was lower than at this time last year, a decrease of 10% versus March 2020.
Active Inventory Versus last year, the total number of homes available this month is lower by 98 units or 72%. The total number of active inventory this March was 39 compared to 137 in March 2020. This month's total of 39 is lower than the previous month's total supply of available inventory of 41, a decrease of 5%.
		Median Sale Price Last March, the median sale price for Downingtown Homes was $349,045. This March, the median sale price was $445,327, an increase of $96,282 compared to last year. The current median sold price is higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 94	Current Contracts 89	Sold Vs. List Price 104.6%	Months of Supply 0.6

Down -10% Vs. Year Ago	Up 37% Vs. Year Ago	Up 4.3% Vs. Year Ago	Down -68% Vs. Year Ago


		Months of Supply In March, there was 0.6 months of supply available in Downingtown, compared to 1.9 in March 2020. That is a decrease of 68% 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 94 homes newly listed for sale in Downingtown compared to 105 in March 2020, a decrease of 10%. There were 89 current contracts pending sale this March compared to 65 a year ago. The number of current contracts is 37% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Downingtown was 104.6% of the average list price, which is 4.3% higher than at this time last year. Days on Market This month, the average number of days on market was 14, lower than the average last year, which was 35, a decrease of 60%.


	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.
	Information 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.