The Long & Foster Market Minute

Focus On: Phoenixville Housing Market December 2020

Zip Code(s): 19460, 19480 and 19442
Units Sold
63
Active Inventory
38
Median Sale Price
$316,000
Days On Market
23
Up
Vs. Year Ago
Down -58%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -18%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 63 sold this month in Phoenixville Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 53 units or 58%. The total number of active inventory this December was 38 compared to 91 in December 2019. This month's total of 38 is lower than the previous month's total supply of available inventory of 64, a decrease of 41%.

Median Sale Price
Last December, the median sale price for Phoenixville Homes was $295,000. This December, the median sale price was $316,000, an increase of 7% or $21,000 compared to last year. The current median sold price is 1% 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
40
Sold Vs. List Price
99.5%
Months of Supply
0.6
No Change
Vs. Year Ago
Up 29%
Vs. Year Ago
No Change
Vs. Year Ago
Down -70%
Vs. Year Ago

Months of Supply
In December, there was 0.6 months of supply available in Phoenixville, compared to 2.0 in December 2019. That is a decrease of 70% 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, which is similar to the amount in December 2019. There were 40 current contracts pending sale this December compared to 31 a year ago. The number of current contracts is 29% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Phoenixville was 99.5% 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 23, lower than the average last year, which was 28, a decrease of 18%.

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.