The Long & Foster Market Minute

Focus On: Havertown and Broomall Housing Market August 2022

Zip Code(s): 19008 and 19083
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 29%
Vs. Year Ago
Down -52%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 20%
Vs. Year Ago

Units Sold
There was an increase in total units sold in August, with 71 sold this month in Havertown and Broomall Real Estate versus 55 last month, an increase of 29%. This month's total units sold was higher than at this time last year, an increase of 29% versus August 2021.

Active Inventory
Versus last year, the total number of homes available this month is lower by 43 units or 52%. The total number of active inventory this August was 40 compared to 83 in August 2021. This month's total of 40 is higher than the previous month's total supply of available inventory of 33, an increase of 21%.

Median Sale Price
Last August, the median sale price for Havertown and Broomall Homes was $450,000. This August, the median sale price was $498,000, an increase of 11% or $48,000 compared to last year. The current median sold price is 11% higher than in July.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -30%
Vs. Year Ago
Down -37%
Vs. Year Ago
No Change
Vs. Year Ago
Down -63%
Vs. Year Ago

Months of Supply
In August, there was 0.6 months of supply available in Havertown and Broomall, compared to 1.5 in August 2021. That is a decrease of 63% 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 53 homes newly listed for sale in Havertown and Broomall compared to 76 in August 2021, a decrease of 30%. There were 38 current contracts pending sale this August compared to 60 a year ago. The number of current contracts is 37% lower than last August.

Sale Price to List Price Ratio
In August, the average sale price in Havertown and Broomall was 101.7% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 12, higher than the average last year, which was 10, an increase of 20%.

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.