The Long & Foster Market Minute

Focus On: Havertown and Broomall Housing Market October 2018

Zip Code(s): 19008 and 19083
Units Sold
45
Active Inventory
97
Median Sale Price
$350,000
Days On Market
26
Down -10%
Vs. Year Ago
Down -18%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -24%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 45 sold this month in Havertown and Broomall Real Estate versus 55 last month, a decrease of 18%. This month's total units sold was lower than at this time last year, a decrease of 10% versus October 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 22 units or 18%. The total number of active inventory this October was 97 compared to 119 in October 2017. This month's total of 97 is lower than the previous month's total supply of available inventory of 103, a decrease of 6%.

Median Sale Price
Last October, the median sale price for Havertown and Broomall Homes was $305,000. This October, the median sale price was approximately the same at $350,000. The current median sold price is 15% higher than in October 2017.

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


New Listings
61
Current Contracts
51
Sold Vs. List Price
99.1%
Months of Supply
2.2
Up 3%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 1.2%
Vs. Year Ago
Down -9%
Vs. Year Ago

Months of Supply
In October, there was 2.2 months of supply available in Havertown and Broomall, compared to 2.4 in October 2017. That is a decrease of 9% 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 61 homes newly listed for sale in Havertown and Broomall compared to 59 in October 2017, an increase of 3%. There were 51 current contracts pending sale this October compared to 46 a year ago. The number of current contracts is 11% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Havertown and Broomall was 99.1% of the average list price, which is 1.1% higher than at this time last year.

Days on Market
This month, the average number of days on market was 26, lower than the average last year, which was 34, a decrease of 24%.

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.