The Long & Foster Market Minute

Focus On: Havertown and Broomall Housing Market December 2021

Zip Code(s): 19008 and 19083
Units Sold
67
Active Inventory
40
Median Sale Price
$425,000
Days On Market
22
Down -18%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up 22%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 67 sold this month in Havertown and Broomall Real Estate versus 68 last month, a decrease of 1%. This month's total units sold was lower than at this time last year, a decrease of 18% versus December 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 1 units or 2%. The total number of active inventory this December was 40 compared to 41 in December 2020. This month's total of 40 is lower than the previous month's total supply of available inventory of 53, a decrease of 25%.

Median Sale Price
Last December, the median sale price for Havertown and Broomall Homes was $370,500. This December, the median sale price was $425,000, an increase of 15% or $54,500 compared to last year. The current median sold price is 1% higher 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
36
Current Contracts
37
Sold Vs. List Price
99.8%
Months of Supply
0.6
No Change
Vs. Year Ago
Down -10%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In December, there was 0.6 months of supply available in Havertown and Broomall. 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 36 homes newly listed for sale in Havertown and Broomall, which is similar to the amount in December 2020. There were 37 current contracts pending sale this December compared to 41 a year ago. The number of current contracts is 10% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Havertown and Broomall was 99.8% of the average list price, which is 0.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 22, higher than the average last year, which was 18, an increase of 22%.

The Long & Foster Market Minute 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.
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.