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| Focus On: Downingtown Housing Market | May 2018 | ||
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| Zip Code(s): 19335 and 19372 | |||
| Units Sold 86 |
Active Inventory 184 |
Median Sale Price $354,250 |
Days On Market 28 |
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| Down -13% Vs. Year Ago |
Down -16% Vs. Year Ago |
Up 9% Vs. Year Ago |
Up 22% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 86 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 35 units or 16%. The total number of active inventory this May was 184 compared to 219 in May 2017. This month's total of 184 is higher than the previous month's total supply of available inventory of 166, an increase of 11%. |
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Median Sale Price
Last May, the median sale price for Downingtown Homes was $325,000. This May, the median sale price was $354,250, an increase of 9% or $29,250 compared to last year. The current median sold price is 14% higher than in April. 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 124 |
Current Contracts 84 |
Sold Vs. List Price 99.0% |
Months of Supply 2.1 |
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| Down -13% Vs. Year Ago |
Up 8% Vs. Year Ago |
Down -1.3% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In May, there was 2.1 months of supply available in Downingtown. The amount of supply is similar compared to 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 124 homes newly listed for sale in Downingtown compared to 142 in May 2017, a decrease of 13%. There were 84 current contracts pending sale this May compared to 78 a year ago. The number of current contracts is 8% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Downingtown was 99.0% of the average list price, which is 1.3% lower than at this time last year. Days on Market
This month, the average number of days on market was 28, higher than the average last year, which was 23, an increase of 22%. | |||
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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. | |||
 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. |
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