The Long & Foster Market Minute

Focus On: Havertown and Broomall Housing Market October 2019

Zip Code(s): 19008 and 19083
Units Sold
38
Active Inventory
93
Median Sale Price
$350,000
Days On Market
27
Down
Vs. Year Ago
Down -11%
Vs. Year Ago
No Change
Vs. Year Ago
Up 4%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in October, with 38 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 October 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 11 units or 11%. The total number of active inventory this October was 93 compared to 104 in October 2018. This month's total of 93 is lower than the previous month's total supply of available inventory of 99, a decrease of 6%.

Median Sale Price
Last October, the median sale price for Havertown and Broomall Homes was $350,000. This October, the median sale price was $350,000, which is similar compared to a year ago. The current median sold price is 3% 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
87
Current Contracts
69
Sold Vs. List Price
98.4%
Months of Supply
2.4
Up 43%
Vs. Year Ago
Up 33%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Up 6%
Vs. Year Ago

Months of Supply
In October, there was 2.4 months of supply available in Havertown and Broomall, compared to 2.3 in October 2018. That is an increase of 6% 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 87 homes newly listed for sale in Havertown and Broomall compared to 61 in October 2018, an increase of 43%. There were 69 current contracts pending sale this October compared to 52 a year ago. The number of current contracts is 33% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Havertown and Broomall was 98.4% of the average list price, which is 0.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 27, higher than the average last year, which was 26, an increase of 4%.

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.