Downingtown Housing Market Data

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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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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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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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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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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Click here to compare the current contracts of this area against other locations.

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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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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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

Down -31% Vs. Year Ago	Down -2% Vs. Year Ago	Up 10% Vs. Year Ago	Down -23% Vs. Year Ago

iCharts		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. Click here to compare the units sold of this area against other locations.
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%. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		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. Click here to compare the median sale price of this area against other locations.



New Listings 108	Current Contracts 65	Sold Vs. List Price 98.6%	Months of Supply 3.7

Up 30% Vs. Year Ago	Down -2% Vs. Year Ago	No Change Vs. Year Ago	Up 42% Vs. Year Ago

iCharts		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. Click here to compare the months of supply of this area against other locations.
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. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		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. Click here to compare the sale price to list price ratio of this area against other locations.
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%. Click here to compare the days on market of this area against other locations.		iCharts



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 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.