The Long & Foster Market Minute
Focus On: Malvern, Paoli, and Berwyn Housing Market April 2017
Zip Code(s): 19355, 19301, 19312 and 19333
Units Sold
52
Active Inventory
346
Median Sale Price
$432,750
Days On Market
65
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -16%
Vs. Year Ago
Down -4%
Vs. Year Ago
Down -7%
Vs. Year Ago
Down -31%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in April, with 52 sold this month in Malvern, Paoli, and Berwyn Real Estate versus 68 last month, a decrease of 24%. This month's total units sold was lower than at this time last year, a decrease of 16% versus April 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 13 units or 4%. The total number of active inventory this April was 346 compared to 359 in April 2016. This month's total of 346 is higher than the previous month's total supply of available inventory of 288, an increase of 20%.

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Median Sale Price
Last April, the median sale price for Malvern, Paoli, and Berwyn Homes was $467,000. This April, the median sale price was $432,750, a decrease of 7% or $34,250 compared to last year. The current median sold price is 15% 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.

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New Listings
155
Current Contracts
72
Sold Vs. List Price
97.5%
Months of Supply
6.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 10%
Vs. Year Ago
Down -27%
Vs. Year Ago
Up 2.7%
Vs. Year Ago
Up 15%
Vs. Year Ago
Months of Supply
In April, there was 6.7 months of supply available in Malvern, Paoli, and Berwyn, compared to 5.8 in April 2016. That is an increase of 15% 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 155 homes newly listed for sale in Malvern, Paoli, and Berwyn compared to 141 in April 2016, an increase of 10%. There were 72 current contracts pending sale this April compared to 99 a year ago. The number of current contracts is 27% lower than last April.

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Sale Price to List Price Ratio
In April, the average sale price in Malvern, Paoli, and Berwyn was 97.5% of the average list price, which is 2.6% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 65, lower than the average last year, which was 94, a decrease of 31%.

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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 TREND 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 TREND or Long & Foster Real Estate, Inc.