The Long & Foster Market Minute
Focus On: Downingtown Housing Market April 2017
Zip Code(s): 19335 and 19372
Units Sold
53
Active Inventory
199
Median Sale Price
$317,500
Days On Market
52
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -20%
Vs. Year Ago
Down -16%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -7%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in April, with 53 sold this month in Downingtown Real Estate versus 62 last month, a decrease of 15%. This month's total units sold was lower than at this time last year, a decrease of 20% versus April 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 38 units or 16%. The total number of active inventory this April was 199 compared to 237 in April 2016. This month's total of 199 is higher than the previous month's total supply of available inventory of 179, an increase of 11%.

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Median Sale Price
Last April, the median sale price for Downingtown Homes was $307,000. This April, the median sale price was $317,500, an increase of 3% or $10,500 compared to last year. The current median sold price is 3% higher 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.

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New Listings
103
Current Contracts
63
Sold Vs. List Price
99.1%
Months of Supply
3.8
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -13%
Vs. Year Ago
Down -29%
Vs. Year Ago
Up 1.3%
Vs. Year Ago
Up 4%
Vs. Year Ago
Months of Supply
In April, there was 3.8 months of supply available in Downingtown, compared to 3.6 in April 2016. That is an increase of 5% 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 103 homes newly listed for sale in Downingtown compared to 119 in April 2016, a decrease of 13%. There were 63 current contracts pending sale this April compared to 89 a year ago. The number of current contracts is 29% lower than last April.

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Sale Price to List Price Ratio
In April, the average sale price in Downingtown was 99.1% of the average list price, which is 1.3% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 52, lower than the average last year, which was 56, a decrease of 7%.

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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.