The Long & Foster Market Minute
Focus On: Lehigh County Housing Market April 2017
Units Sold
327
Active Inventory
1,021
Median Sale Price
$172,700
Days On Market
57
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -7%
Vs. Year Ago
Down -44%
Vs. Year Ago
No Change
Vs. Year Ago
Down -11%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in April, with 327 sold this month in Lehigh County Real Estate versus 346 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 7% versus April 2016.

Click here to compare the units sold of this area against other locations.
Active Inventory
Versus last year, the total number of homes available this month is lower by 789 units or 44%. The total number of active inventory this April was 1,021 compared to 1,810 in April 2016. This month's total of 1,021 is lower than the previous month's total supply of available inventory of 1,106, a decrease of 8%.

Click here to compare the active inventory of this area against other locations.
Median Sale Price
Last April, the median sale price for Lehigh County Homes was $172,700. This April, the median sale price was $172,700, which is similar compared to a year ago. The current median sold price is 4% 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.

Click here to compare the median sale price of this area against other locations.
New Listings
624
Current Contracts
523
Sold Vs. List Price
98.1%
Months of Supply
3.1
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -2%
Vs. Year Ago
Up 12%
Vs. Year Ago
Up 0.6%
Vs. Year Ago
Down -39%
Vs. Year Ago
Months of Supply
In April, there was 3.1 months of supply available in Lehigh County, compared to 5.1 in April 2016. That is a decrease of 39% 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.

Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts
This month there were 624 homes newly listed for sale in Lehigh County compared to 634 in April 2016, a decrease of 2%. There were 523 current contracts pending sale this April compared to 466 a year ago. The number of current contracts is 12% higher than last April.

Click here to compare the new listings of this area against other locations.

Click here to compare the current contracts of this area against other locations.
Sale Price to List Price Ratio
In April, the average sale price in Lehigh County was 98.1% of the average list price, which is 0.6% higher than at this time last year.

Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market
This month, the average number of days on market was 57, lower than the average last year, which was 64, a decrease of 11%.

Click here to compare the days on market of this area against other locations.
*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 LVAR 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 LVAR or Long & Foster Real Estate, Inc.