The Long & Foster Market Minute

Focus On: Phoenixville Housing Market April 2019

Zip Code(s): 19460, 19480 and 19442
Units Sold
49
Active Inventory
113
Median Sale Price
$280,000
Days On Market
54
Down -9%
Vs. Year Ago
Down -10%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -8%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 49 sold this month in Phoenixville Real Estate versus 54 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 9% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 13 units or 10%. The total number of active inventory this April was 113 compared to 126 in April 2018. This month's total of 113 is higher than the previous month's total supply of available inventory of 108, an increase of 5%.

Median Sale Price
Last April, the median sale price for Phoenixville Homes was $263,500. This April, the median sale price was $280,000, an increase of 6% or $16,500 compared to last year. The current median sold price is 10% 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.


New Listings
93
Current Contracts
70
Sold Vs. List Price
99.8%
Months of Supply
2.3
Up 3%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up 1.3%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In April, there was 2.3 months of supply available in Phoenixville. The amount of supply is similar compared to 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 93 homes newly listed for sale in Phoenixville compared to 90 in April 2018, an increase of 3%. There were 70 current contracts pending sale this April compared to 72 a year ago. The number of current contracts is 3% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Phoenixville was 99.8% 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 54, lower than the average last year, which was 59, a decrease of 8%.

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.