The Long & Foster Market Minute

Focus On: Havertown and Broomall Housing Market October 2020

Zip Code(s): 19008 and 19083
Units Sold
63
Active Inventory
55
Median Sale Price
$377,500
Days On Market
15
Up
Vs. Year Ago
Down -48%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -44%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 63 sold this month in Havertown and Broomall Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 50 units or 48%. The total number of active inventory this October was 55 compared to 105 in October 2019. This month's total of 55 is higher than the previous month's total supply of available inventory of 47, an increase of 17%.

Median Sale Price
Last October, the median sale price for Havertown and Broomall Homes was $357,500. This October, the median sale price was $377,500, an increase of 6% or $20,000 compared to last year. The current median sold price is 1% higher than in September.

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


New Listings
86
Current Contracts
71
Sold Vs. List Price
100.2%
Months of Supply
0.9
Down -2%
Vs. Year Ago
Up 8%
Vs. Year Ago
Up 1.8%
Vs. Year Ago
Down -67%
Vs. Year Ago

Months of Supply
In October, there was 0.9 months of supply available in Havertown and Broomall, compared to 2.6 in October 2019. That is a decrease of 67% 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 86 homes newly listed for sale in Havertown and Broomall compared to 88 in October 2019, a decrease of 2%. There were 71 current contracts pending sale this October compared to 66 a year ago. The number of current contracts is 8% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Havertown and Broomall was 100.2% of the average list price, which is 1.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 15, lower than the average last year, which was 27, a decrease of 44%.

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.