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| MAY 2025 | |||
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| Zip Code(s): 19010, 19085, 19035 and 19041 | |||
| Units Sold 29 |
Active Inventory 70 |
Median Sale Price $877,000 |
Days On Market 31 |
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| Down -17% Vs. Year Ago |
Down -24% Vs. Year Ago |
Down Vs. Year Ago |
Up 15% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in May, with 29 sold this month in Mainline Real Estate versus 33 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 17% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 22 units or 24%. The total number of active inventory this May was 70 compared to 92 in May 2024. This month's total of 70 is lower than the previous month's total supply of available inventory of 71, a decrease of 1%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last May, the median sale price for Mainline Homes was $1,170,000. This May, the median sale price was $877,000, a decrease of $293,000 compared to last year. The current median sold price is lower than in April. 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 64 |
Current Contracts 56 |
Sold Vs. List Price 102.5% |
Months of Supply 2.4 |
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| Down -17% Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
Down -8% Vs. Year Ago |
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Months of Supply
In May, there was 2.4 months of supply available in Mainline, compared to 2.6 in May 2024. That is a decrease of 8% 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. |
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New Listings & Current Contracts
This month there were 64 homes newly listed for sale in Mainline compared to 77 in May 2024, a decrease of 17%. There were 56 current contracts pending sale this May, consistent with the volume a year ago. The number of current contracts is 47% higher than last month. |
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Sale Price to List Price Ratio
In May, the average sale price in Mainline was 102.5% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 31, higher than the average last year, which was 27, an increase of 15%. | |||
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Mainline are defined as properties listed in zip code/s 19010, 19085, 19035 and 19041. | ||
| *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. | |||
 Information 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. |
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