Havertown and Broomall Housing Market Data

With relatively few transactions, there was a decrease in total units sold in February, with 27 sold this month in Havertown and Broomall Real Estate. This month's total units sold was lower than at this time last year, a decrease from February 2022.

Versus last year, the total number of homes available this month is higher by 11 units or 50%. The total number of active inventory this February was 33 compared to 22 in February 2022. This month's total of 33 is higher than the previous month's total supply of available inventory of 28, an increase of 18%.

Last February, the median sale price for Havertown and Broomall Homes was $465,000. This February, the median sale price was $465,000, which is similar compared to a year ago. The current median sold price is 18% higher than in January.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In February, there was 1.2 months of supply available in Havertown and Broomall, compared to 0.4 in February 2022. That is an increase of 178% 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.

This month there were 41 homes newly listed for sale in Havertown and Broomall compared to 64 in February 2022, a decrease of 36%. There were 33 current contracts pending sale this February compared to 64 a year ago. The number of current contracts is 48% lower than last February.

In February, the average sale price in Havertown and Broomall was 99.4% of the average list price, which is 3.6% lower than at this time last year.

This month, the average number of days on market was 36, higher than the average last year, which was 25, an increase of 44%.





Focus On: Havertown and Broomall Housing Market			February 2023

Zip Code(s): 19008 and 19083
Units Sold 27	Active Inventory 33	Median Sale Price $465,000	Days On Market 36

Down Vs. Year Ago	Up 50% Vs. Year Ago	No Change Vs. Year Ago	Up 44% Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in February, with 27 sold this month in Havertown and Broomall Real Estate. This month's total units sold was lower than at this time last year, a decrease from February 2022.
Active Inventory Versus last year, the total number of homes available this month is higher by 11 units or 50%. The total number of active inventory this February was 33 compared to 22 in February 2022. This month's total of 33 is higher than the previous month's total supply of available inventory of 28, an increase of 18%.
		Median Sale Price Last February, the median sale price for Havertown and Broomall Homes was $465,000. This February, the median sale price was $465,000, which is similar compared to a year ago. The current median sold price is 18% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 41	Current Contracts 33	Sold Vs. List Price 99.4%	Months of Supply 1.2

Down -36% Vs. Year Ago	Down -48% Vs. Year Ago	Down -3.4% Vs. Year Ago	Up 177% Vs. Year Ago


		Months of Supply In February, there was 1.2 months of supply available in Havertown and Broomall, compared to 0.4 in February 2022. That is an increase of 178% 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 41 homes newly listed for sale in Havertown and Broomall compared to 64 in February 2022, a decrease of 36%. There were 33 current contracts pending sale this February compared to 64 a year ago. The number of current contracts is 48% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Havertown and Broomall was 99.4% of the average list price, which is 3.6% lower than at this time last year. Days on Market This month, the average number of days on market was 36, higher than the average last year, which was 25, an increase of 44%.


	Havertown and Broomall are defined as properties listed in zip code/s 19008 and 19083.
	*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.
	Information 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.