The Long & Foster Market Minute
Focus On: Havertown and Broomall Housing Market April 2017
Zip Code(s): 19008 and 19083
Units Sold
61
Active Inventory
135
Median Sale Price
$310,310
Days On Market
33
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -27%
Vs. Year Ago
Down -28%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -51%
Vs. Year Ago
Units Sold
There was an increase in total units sold in April, with 61 sold this month in Havertown and Broomall Real Estate versus 53 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 27% versus April 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 52 units or 28%. The total number of active inventory this April was 135 compared to 187 in April 2016. This month's total of 135 is higher than the previous month's total supply of available inventory of 109, an increase of 24%.

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Median Sale Price
Last April, the median sale price for Havertown and Broomall Homes was $315,000. This April, the median sale price was $310,310, a decrease of 1% or $4,690 compared to last year. The current median sold price is 3% higher than in March.

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

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New Listings
100
Current Contracts
63
Sold Vs. List Price
99.0%
Months of Supply
2.2
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -10%
Vs. Year Ago
Down -42%
Vs. Year Ago
Up 1.5%
Vs. Year Ago
No Change
Vs. Year Ago
Months of Supply
In April, there was 2.2 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.

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New Listings & Current Contracts
This month there were 100 homes newly listed for sale in Havertown and Broomall compared to 111 in April 2016, a decrease of 10%. There were 63 current contracts pending sale this April compared to 109 a year ago. The number of current contracts is 42% lower than last April.

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Sale Price to List Price Ratio
In April, the average sale price in Havertown and Broomall was 99.0% of the average list price, which is 1.4% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 33, lower than the average last year, which was 68, a decrease of 51%.

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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 TREND 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 TREND or Long & Foster Real Estate, Inc.