The Long & Foster Market Minute
Focus On: Phoenixville Housing Market April 2017
Zip Code(s): 19460, 19480 and 19442
Units Sold
44
Active Inventory
179
Median Sale Price
$278,750
Days On Market
38
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -14%
Vs. Year Ago
Down -6%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -44%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in April, with 44 sold this month in Phoenixville Real Estate versus 58 last month, a decrease of 24%. This month's total units sold was lower than at this time last year, a decrease of 14% versus April 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 11 units or 6%. The total number of active inventory this April was 179 compared to 190 in April 2016. This month's total of 179 is higher than the previous month's total supply of available inventory of 164, an increase of 9%.

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Median Sale Price
Last April, the median sale price for Phoenixville Homes was $265,000. This April, the median sale price was approximately the same at $278,750. The current median sold price is 5% higher than in April 2016.

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
81
Current Contracts
46
Sold Vs. List Price
98.6%
Months of Supply
4.1
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -16%
Vs. Year Ago
Down -43%
Vs. Year Ago
No Change
Vs. Year Ago
Up 9%
Vs. Year Ago
Months of Supply
In April, there was 4.1 months of supply available in Phoenixville, compared to 3.7 in April 2016. That is an increase of 9% 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 81 homes newly listed for sale in Phoenixville compared to 96 in April 2016, a decrease of 16%. There were 46 current contracts pending sale this April compared to 80 a year ago. The number of current contracts is 43% lower than last April.

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Sale Price to List Price Ratio
In April, the average sale price in Phoenixville was 98.6% 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 38, lower than the average last year, which was 68, a decrease of 44%.

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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.