The Long & Foster Market Minute

Focus On: Havertown and Broomall Housing Market December 2020

Zip Code(s): 19008 and 19083
Units Sold
81
Active Inventory
31
Median Sale Price
$370,000
Days On Market
18
Up
Vs. Year Ago
Down -60%
Vs. Year Ago
No Change
Vs. Year Ago
Down -36%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 81 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 46 units or 60%. The total number of active inventory this December was 31 compared to 77 in December 2019. This month's total of 31 is lower than the previous month's total supply of available inventory of 49, a decrease of 37%.

Median Sale Price
Last December, the median sale price for Havertown and Broomall Homes was $370,000. This December, the median sale price was $370,000, which is similar compared to a year ago. The current median sold price is 6% 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
36
Current Contracts
41
Sold Vs. List Price
100.6%
Months of Supply
0.4
Down -3%
Vs. Year Ago
Up 17%
Vs. Year Ago
Up 1.6%
Vs. Year Ago
Down -71%
Vs. Year Ago

Months of Supply
In December, there was 0.4 months of supply available in Havertown and Broomall, compared to 1.3 in December 2019. That is a decrease of 71% 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 36 homes newly listed for sale in Havertown and Broomall compared to 37 in December 2019, a decrease of 3%. There were 41 current contracts pending sale this December compared to 35 a year ago. The number of current contracts is 17% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Havertown and Broomall was 100.6% of the average list price, which is 1.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 18, lower than the average last year, which was 28, a decrease of 36%.

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.