The Long & Foster Market Minute

Focus On: Phoenixville Housing Market October 2017

Zip Code(s): 19460, 19480 and 19442
Units Sold
46
Active Inventory
142
Median Sale Price
$235,000
Days On Market
45
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -18%
Vs. Year Ago
Down -23%
Vs. Year Ago
Down -15%
Vs. Year Ago
Down -20%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 46 sold this month in Phoenixville Real Estate versus 54 last month, a decrease of 15%. This month's total units sold was lower than at this time last year, a decrease of 18% versus October 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 43 units or 23%. The total number of active inventory this October was 142 compared to 185 in October 2016. This month's total of 142 is lower than the previous month's total supply of available inventory of 145, a decrease of 2%.

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Median Sale Price
Last October, the median sale price for Phoenixville Homes was $277,450. This October, the median sale price was $235,000, a decrease of 15% or $42,450 compared to last year. The current median sold price is 18% lower than in September.

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
61
Current Contracts
41
Sold Vs. List Price
97.8%
Months of Supply
3.1
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -2%
Vs. Year Ago
Down -24%
Vs. Year Ago
No Change
Vs. Year Ago
Down -6%
Vs. Year Ago

Months of Supply
In October, there was 3.1 months of supply available in Phoenixville, compared to 3.3 in October 2016. That is a decrease of 7% 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 61 homes newly listed for sale in Phoenixville compared to 62 in October 2016, a decrease of 2%. There were 41 current contracts pending sale this October compared to 54 a year ago. The number of current contracts is 24% lower than last October.

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Sale Price to List Price Ratio
In October, the average sale price in Phoenixville was 97.8% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 45, lower than the average last year, which was 56, a decrease of 20%.

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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 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.