The Long & Foster Market Minute

Focus On: Havertown Housing Market September 2020

Zip Code(s): 19083
Units Sold
65
Active Inventory
29
Median Sale Price
$357,000
Days On Market
16
Up
Vs. Year Ago
Down -60%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -11%
Vs. Year Ago

Units Sold
There was an increase in total units sold in September, with 65 sold this month in Havertown 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 43 units or 60%. The total number of active inventory this September was 29 compared to 72 in September 2019. This month's supply remained stable as compared to last month.

Median Sale Price
Last September, the median sale price for Havertown Homes was $312,000. This September, the median sale price was $357,000, an increase of 14% or $45,000 compared to last year. The current median sold price is 3% lower than in August.

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


New Listings
58
Current Contracts
54
Sold Vs. List Price
100.1%
Months of Supply
0.4
Down -3%
Vs. Year Ago
Up 50%
Vs. Year Ago
Up 1.6%
Vs. Year Ago
Down -72%
Vs. Year Ago

Months of Supply
In September, there was 0.4 months of supply available in Havertown, compared to 1.6 in September 2019. That is a decrease of 72% 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 58 homes newly listed for sale in Havertown compared to 60 in September 2019, a decrease of 3%. There were 54 current contracts pending sale this September compared to 36 a year ago. The number of current contracts is 50% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Havertown was 100.1% 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 16, lower than the average last year, which was 18, a decrease of 11%.

The Long & Foster Market Minute Havertown are defined as properties listed in zip code/s 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.