The Long & Foster Market Minute

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

Zip Code(s): 19355, 19301, 19312 and 19333
Units Sold
37
Active Inventory
222
Median Sale Price
$441,000
Days On Market
81
Down -18%
Vs. Year Ago
Down -30%
Vs. Year Ago
Up 9%
Vs. Year Ago
Up 45%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in February, with 37 sold this month in Malvern, Paoli, and Berwyn Real Estate versus 51 last month, a decrease of 27%. This month's total units sold was lower than at this time last year, a decrease of 18% versus February 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 94 units or 30%. The total number of active inventory this February was 222 compared to 316 in February 2018. This month's total of 222 is lower than the previous month's total supply of available inventory of 238, a decrease of 7%.

Median Sale Price
Last February, the median sale price for Malvern, Paoli, and Berwyn Homes was $405,000. This February, the median sale price was $441,000, an increase of 9% or $36,000 compared to last year. The current median sold price is 14% lower than in January.

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


New Listings
116
Current Contracts
79
Sold Vs. List Price
100.1%
Months of Supply
6.0
Down -12%
Vs. Year Ago
Up 8%
Vs. Year Ago
Up 1.6%
Vs. Year Ago
Down -15%
Vs. Year Ago

Months of Supply
In February, there was 6.0 months of supply available in Malvern, Paoli, and Berwyn, compared to 7.0 in February 2018. That is a decrease 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.

New Listings & Current Contracts
This month there were 116 homes newly listed for sale in Malvern, Paoli, and Berwyn compared to 132 in February 2018, a decrease of 12%. There were 79 current contracts pending sale this February compared to 73 a year ago. The number of current contracts is 8% higher than last February.

Sale Price to List Price Ratio
In February, the average sale price in Malvern, Paoli, and Berwyn was 100.1% of the average list price, which is 1.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 81, higher than the average last year, which was 56, an increase of 45%.

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.