The Long & Foster Market Minute

Focus On: Malvern, Paoli, and Berwyn Housing Market April 2020

Zip Code(s): 19355, 19301, 19312 and 19333
Units Sold
66
Active Inventory
178
Median Sale Price
$516,880
Days On Market
44
Down -10%
Vs. Year Ago
Down -33%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 26%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 66 sold this month in Malvern, Paoli, and Berwyn Real Estate versus 59 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 10% versus April 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 86 units or 33%. The total number of active inventory this April was 178 compared to 264 in April 2019. This month's total of 178 is lower than the previous month's total supply of available inventory of 206, a decrease of 14%.

Median Sale Price
Last April, the median sale price for Malvern, Paoli, and Berwyn Homes was $540,000. This April, the median sale price was $516,880, a decrease of 4% or $23,120 compared to last year. The current median sold price is 1% lower 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
39
Current Contracts
28
Sold Vs. List Price
98.8%
Months of Supply
2.7
Down -71%
Vs. Year Ago
Down -68%
Vs. Year Ago
No Change
Vs. Year Ago
Down -25%
Vs. Year Ago

Months of Supply
In April, there was 2.7 months of supply available in Malvern, Paoli, and Berwyn, compared to 3.6 in April 2019. That is a decrease of 25% 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 39 homes newly listed for sale in Malvern, Paoli, and Berwyn compared to 133 in April 2019, a decrease of 71%. There were 28 current contracts pending sale this April compared to 87 a year ago. The number of current contracts is 68% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Malvern, Paoli, and Berwyn was 98.8% 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 44, higher than the average last year, which was 35, an increase of 26%.

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.