The Long & Foster Market Minute

Focus On: Havertown and Broomall Housing Market August 2020

Zip Code(s): 19008 and 19083
Units Sold
74
Active Inventory
40
Median Sale Price
$375,000
Days On Market
21
Down -4%
Vs. Year Ago
Down -49%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -25%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 74 sold this month in Havertown and Broomall Real Estate versus 79 last month, a decrease of 6%. This month's total units sold was lower than at this time last year, a decrease of 4% versus August 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 38 units or 49%. The total number of active inventory this August was 40 compared to 78 in August 2019. This month's total of 40 is lower than the previous month's total supply of available inventory of 49, a decrease of 18%.

Median Sale Price
Last August, the median sale price for Havertown and Broomall Homes was $350,000. This August, the median sale price was approximately the same at $375,000. The current median sold price is 7% higher than in August 2019.

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


New Listings
77
Current Contracts
80
Sold Vs. List Price
100.2%
Months of Supply
0.5
Up 45%
Vs. Year Ago
Up 51%
Vs. Year Ago
Up 1.4%
Vs. Year Ago
Down -47%
Vs. Year Ago

Months of Supply
In August, there was 0.5 months of supply available in Havertown and Broomall, compared to 1.0 in August 2019. That is a decrease of 47% 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 77 homes newly listed for sale in Havertown and Broomall compared to 53 in August 2019, an increase of 45%. There were 80 current contracts pending sale this August compared to 53 a year ago. The number of current contracts is 51% higher than last August.

Sale Price to List Price Ratio
In August, the average sale price in Havertown and Broomall was 100.2% of the average list price, which is 1.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 21, lower than the average last year, which was 28, a decrease of 25%.

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.