The Long & Foster Market Minute

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

Zip Code(s): 19355, 19301, 19312 and 19333
Units Sold
71
Active Inventory
172
Median Sale Price
$530,000
Days On Market
60
Up 6%
Vs. Year Ago
Down -36%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -3%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 71 sold this month in Malvern, Paoli, and Berwyn Real Estate versus 69 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 6% versus December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 96 units or 36%. The total number of active inventory this December was 172 compared to 268 in December 2018. This month's total of 172 is lower than the previous month's total supply of available inventory of 256, a decrease of 33%.

Median Sale Price
Last December, the median sale price for Malvern, Paoli, and Berwyn Homes was $517,000. This December, the median sale price was approximately the same at $530,000. The current median sold price is 3% higher than in December 2018.

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


New Listings
38
Current Contracts
38
Sold Vs. List Price
97.9%
Months of Supply
2.4
Up 6%
Vs. Year Ago
Up 19%
Vs. Year Ago
Down -1.9%
Vs. Year Ago
Down -40%
Vs. Year Ago

Months of Supply
In December, there was 2.4 months of supply available in Malvern, Paoli, and Berwyn, compared to 4.0 in December 2018. 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.

New Listings & Current Contracts
This month there were 38 homes newly listed for sale in Malvern, Paoli, and Berwyn compared to 36 in December 2018, an increase of 6%. There were 38 current contracts pending sale this December compared to 32 a year ago. The number of current contracts is 19% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Malvern, Paoli, and Berwyn was 97.9% of the average list price, which is 1.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 60, lower than the average last year, which was 62, a decrease of 3%.

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.