The Long & Foster Market Minute
Focus On: Downingtown Housing Market July 2017
Zip Code(s): 19335 and 19372
Units Sold
61
Active Inventory
225
Median Sale Price
$366,200
Days On Market
33
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -31%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -23%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in July, with 61 sold this month in Downingtown Real Estate. This month's total units sold was lower than at this time last year.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 4 units or 2%. The total number of active inventory this July was 225 compared to 229 in July 2016. This month's total of 225 is higher than the previous month's total supply of available inventory of 213, an increase of 6%.

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Median Sale Price
Last July, the median sale price for Downingtown Homes was $333,808. This July, the median sale price was $366,200, an increase of 10% or $32,392 compared to last year. The current median sold price is 7% lower than in June.

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

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New Listings
108
Current Contracts
65
Sold Vs. List Price
98.6%
Months of Supply
3.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 30%
Vs. Year Ago
Down -2%
Vs. Year Ago
No Change
Vs. Year Ago
Up 42%
Vs. Year Ago
Months of Supply
In July, there was 3.7 months of supply available in Downingtown, compared to 2.6 in July 2016. That is an increase of 42% 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.

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New Listings & Current Contracts
This month there were 108 homes newly listed for sale in Downingtown compared to 83 in July 2016, an increase of 30%. There were 65 current contracts pending sale this July compared to 66 a year ago. The number of current contracts is 2% lower than last July.

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Sale Price to List Price Ratio
In July, the average sale price in Downingtown was 98.6% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 33, lower than the average last year, which was 43, a decrease of 23%.

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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 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.