The Long & Foster Market Minute

Focus On: Malvern, Paoli, and Berwyn Housing Market April 2019

Zip Code(s): 19355, 19301, 19312 and 19333
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 18%
Vs. Year Ago
Down -29%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -11%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 71 sold this month in Malvern, Paoli, and Berwyn Real Estate versus 74 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 18% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 105 units or 29%. The total number of active inventory this April was 251 compared to 356 in April 2018. This month's total of 251 is higher than the previous month's total supply of available inventory of 230, an increase of 9%.

Median Sale Price
Last April, the median sale price for Malvern, Paoli, and Berwyn Homes was $480,848. This April, the median sale price was $545,000, an increase of 13% or $64,152 compared to last year. The current median sold price is 7% 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.

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -25%
Vs. Year Ago
Down -23%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
Down -40%
Vs. Year Ago

Months of Supply
In April, there was 3.5 months of supply available in Malvern, Paoli, and Berwyn, compared to 5.9 in April 2018. That is a decrease of 40% 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 135 homes newly listed for sale in Malvern, Paoli, and Berwyn compared to 181 in April 2018, a decrease of 25%. There were 87 current contracts pending sale this April compared to 113 a year ago. The number of current contracts is 23% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Malvern, Paoli, and Berwyn was 99.3% of the average list price, which is 0.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 55, lower than the average last year, which was 62, a decrease of 11%.

The Long & Foster Market Minute Malvern, Paoli, and Berwyn are defined as properties listed in zip code/s 19335, 19301, 19312 and 19333.
*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.