The Long & Foster Market Minute

Focus On: Downingtown Housing Market December 2019

Zip Code(s): 19335 and 19372
Units Sold
64
Active Inventory
107
Median Sale Price
$366,250
Days On Market
30
Up 3%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -6%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 64 sold this month in Downingtown Real Estate versus 57 last month, an increase of 12%. This month's total units sold was higher than at this time last year, an increase of 3% versus December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 22 units or 17%. The total number of active inventory this December was 107 compared to 129 in December 2018. This month's total of 107 is lower than the previous month's total supply of available inventory of 154, a decrease of 31%.

Median Sale Price
Last December, the median sale price for Downingtown Homes was $332,450. This December, the median sale price was $366,250, an increase of 10% or $33,800 compared to last year. The current median sold price is 13% higher than in November.

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


New Listings
52
Current Contracts
60
Sold Vs. List Price
100.1%
Months of Supply
1.7
Up 100%
Vs. Year Ago
Up 82%
Vs. Year Ago
No Change
Vs. Year Ago
Down -20%
Vs. Year Ago

Months of Supply
In December, there was 1.7 months of supply available in Downingtown, compared to 2.1 in December 2018. That is a decrease of 20% 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 52 homes newly listed for sale in Downingtown compared to 26 in December 2018, an increase of 100%. There were 60 current contracts pending sale this December compared to 33 a year ago. The number of current contracts is 82% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Downingtown was 100.1% 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 30, lower than the average last year, which was 32, a decrease of 6%.

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.