The Long & Foster Market Minute

Focus On: Havertown and Broomall Housing Market May 2020

Zip Code(s): 19008 and 19083
Units Sold
35
Active Inventory
52
Median Sale Price
$370,000
Days On Market
17
Down
Vs. Year Ago
Down -34%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -48%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in May, with 35 sold this month in Havertown and Broomall Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 27 units or 34%. The total number of active inventory this May was 52 compared to 79 in May 2019. This month's total of 52 is lower than the previous month's total supply of available inventory of 76, a decrease of 32%.

Median Sale Price
Last May, the median sale price for Havertown and Broomall Homes was $335,000. This May, the median sale price was $370,000, an increase of 10% or $35,000 compared to last year. The current median sold price is 1% lower 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.


New Listings
51
Current Contracts
60
Sold Vs. List Price
98.0%
Months of Supply
1.5
Down -48%
Vs. Year Ago
Down -32%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 45%
Vs. Year Ago

Months of Supply
In May, there was 1.5 months of supply available in Havertown and Broomall, compared to 1.0 in May 2019. That is an increase of 45% 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 51 homes newly listed for sale in Havertown and Broomall compared to 98 in May 2019, a decrease of 48%. There were 60 current contracts pending sale this May compared to 88 a year ago. The number of current contracts is 32% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Havertown and Broomall was 98.0% of the average list price, which is 0.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 17, lower than the average last year, which was 33, a decrease of 48%.

The Long & Foster Market Minute Havertown and Broomall are defined as properties listed in zip code/s 19008 and 19083.
*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.