The Long & Foster Market Minute

Focus On: Downingtown Housing Market September 2019

Zip Code(s): 19335 and 19372
Units Sold
77
Active Inventory
168
Median Sale Price
$390,000
Days On Market
46
Down -10%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up 18%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 77 sold this month in Downingtown Real Estate versus 96 last month, a decrease of 20%. This month's total units sold was lower than at this time last year, a decrease of 10% versus September 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 2 units or 1%. The total number of active inventory this September was 168 compared to 170 in September 2018. This month's total of 168 is higher than the previous month's total supply of available inventory of 153, an increase of 10%.

Median Sale Price
Last September, the median sale price for Downingtown Homes was $337,750. This September, the median sale price was $390,000, an increase of 15% or $52,250 compared to last year. The current median sold price is 5% higher than in August.

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


New Listings
102
Current Contracts
62
Sold Vs. List Price
99.7%
Months of Supply
2.2
Up 40%
Vs. Year Ago
Up 7%
Vs. Year Ago
No Change
Vs. Year Ago
Up 10%
Vs. Year Ago

Months of Supply
In September, there was 2.2 months of supply available in Downingtown, compared to 2.0 in September 2018. That is an increase of 10% 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 102 homes newly listed for sale in Downingtown compared to 73 in September 2018, an increase of 40%. There were 62 current contracts pending sale this September compared to 58 a year ago. The number of current contracts is 7% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Downingtown was 99.7% 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 46, higher than the average last year, which was 39, an increase of 18%.

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.