The Long & Foster Market Minute

Focus On: Havertown and Broomall Housing Market December 2018

Zip Code(s): 19008 and 19083
Units Sold
36
Active Inventory
63
Median Sale Price
$335,500
Days On Market
30
Down
Vs. Year Ago
Down -24%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -32%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in December, with 36 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 December 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 20 units or 24%. The total number of active inventory this December was 63 compared to 83 in December 2017. This month's total of 63 is lower than the previous month's total supply of available inventory of 85, a decrease of 26%.

Median Sale Price
Last December, the median sale price for Havertown and Broomall Homes was $322,500. This December, the median sale price was $335,500, an increase of 4% or $13,000 compared to last year. The current median sold price is 4% 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
16
Current Contracts
23
Sold Vs. List Price
97.0%
Months of Supply
1.8
Down -20%
Vs. Year Ago
Down -12%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In December, there was 1.8 months of supply available in Havertown and Broomall. 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.

New Listings & Current Contracts
This month there were 16 homes newly listed for sale in Havertown and Broomall compared to 20 in December 2017, a decrease of 20%. There were 23 current contracts pending sale this December compared to 26 a year ago. The number of current contracts is 12% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Havertown and Broomall was 97.0% 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 30, lower than the average last year, which was 44, a decrease of 32%.

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.