The Long & Foster Market Minute

Focus On: Ardmore, Wynnewood, and Narberth Housing Market April 2022

Zip Code(s): 19003, 19096, 19072, 19004 and 19066
Units Sold
45
Active Inventory
48
Median Sale Price
$549,000
Days On Market
15
Down
Vs. Year Ago
Down -44%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -61%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 45 sold this month in Ardmore, Wynnewood, and Narberth Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 37 units or 44%. The total number of active inventory this April was 48 compared to 85 in April 2021. This month's total of 48 is higher than the previous month's total supply of available inventory of 42, an increase of 14%.

Median Sale Price
Last April, the median sale price for Ardmore, Wynnewood, and Narberth Homes was $552,500. This April, the median sale price was $549,000, a decrease of $3,500 compared to last year. The current median sold price is higher 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
108
Current Contracts
91
Sold Vs. List Price
105.7%
Months of Supply
1.1
Up 8%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up 4.9%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In April, there was 1.1 months of supply available in Ardmore, Wynnewood, and Narberth. 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 108 homes newly listed for sale in Ardmore, Wynnewood, and Narberth compared to 100 in April 2021, an increase of 8%. There were 91 current contracts pending sale this April compared to 79 a year ago. The number of current contracts is 15% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Ardmore, Wynnewood, and Narberth was 105.7% of the average list price, which is 5.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 15, lower than the average last year, which was 38, a decrease of 61%.

The Long & Foster Market Minute Ardmore, Wynnewood, and Narberth are defined as properties listed in zip code/s 19003, 19096, 19072, 19004 and 19066, and includes but is not limited to Ardmore, Wynnewood, Narberth, Merion, and Bala Cynwyd.
*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.