The Long & Foster Market Minute

Focus On: Phoenixville Housing Market December 2019

Zip Code(s): 19460, 19480 and 19442
Units Sold
43
Active Inventory
80
Median Sale Price
$297,500
Days On Market
24
Down -7%
Vs. Year Ago
Down -38%
Vs. Year Ago
No Change
Vs. Year Ago
Down -56%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 43 sold this month in Phoenixville Real Estate versus 47 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 7% versus December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 49 units or 38%. The total number of active inventory this December was 80 compared to 129 in December 2018. This month's total of 80 is lower than the previous month's total supply of available inventory of 115, a decrease of 30%.

Median Sale Price
Last December, the median sale price for Phoenixville Homes was $298,950. This December, the median sale price was $297,500, which is similar compared to a year ago. The current median sold price is 12% lower than in November.

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


New Listings
23
Current Contracts
34
Sold Vs. List Price
99.6%
Months of Supply
1.9
Down -34%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 1.3%
Vs. Year Ago
Down -34%
Vs. Year Ago

Months of Supply
In December, there was 1.9 months of supply available in Phoenixville, compared to 2.8 in December 2018. That is a decrease of 34% 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 23 homes newly listed for sale in Phoenixville compared to 35 in December 2018, a decrease of 34%. There were 34 current contracts pending sale this December compared to 38 a year ago. The number of current contracts is 11% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Phoenixville was 99.6% of the average list price, which is 1.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 24, lower than the average last year, which was 54, a decrease of 56%.

The Long & Foster Market Minute Phoenixville are defined as properties listed in zip code/s 19460, 19480 and 19442.
*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.