The Long & Foster Market Minute

Focus On: Blue Ball, Talleyville, and West Farm Housing Market September 2018

Zip Code(s): 19803, 19807, 19732, 19710 and 19736
Units Sold
35
Active Inventory
143
Median Sale Price
$375,000
Days On Market
58
Down -19%
Vs. Year Ago
Down -5%
Vs. Year Ago
Down -19%
Vs. Year Ago
Up 35%
Vs. Year Ago

Units Sold
There was an increase in total units sold in September, with 35 sold this month in Blue Ball, Talleyville, and West Farm Real Estate versus 34 last month, an increase of 3%. This month's total units sold was lower than at this time last year, a decrease of 19% versus September 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 8 units or 5%. The total number of active inventory this September was 143 compared to 151 in September 2017. This month's total of 143 is higher than the previous month's total supply of available inventory of 132, an increase of 8%.

Median Sale Price
Last September, the median sale price for Blue Ball, Talleyville, and West Farm Homes was $465,000. This September, the median sale price was $375,000, a decrease of 19% or $90,000 compared to last year. The current median sold price is 8% higher than in August.

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


New Listings
52
Current Contracts
25
Sold Vs. List Price
96.2%
Months of Supply
4.1
Down -16%
Vs. Year Ago
Down -19%
Vs. Year Ago
No Change
Vs. Year Ago
Up 17%
Vs. Year Ago

Months of Supply
In September, there was 4.1 months of supply available in Blue Ball, Talleyville, and West Farm, compared to 3.5 in September 2017. That is an increase of 16% 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 52 homes newly listed for sale in Blue Ball, Talleyville, and West Farm compared to 62 in September 2017, a decrease of 16%. There were 25 current contracts pending sale this September compared to 31 a year ago. The number of current contracts is 19% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Blue Ball, Talleyville, and West Farm was 96.2% 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 58, higher than the average last year, which was 43, an increase of 35%.

The Long & Foster Market Minute Blue Ball, Talleyville, and West Farm are defined as properties listed in zip code/s 19803, 19807, 19732, 19710 and 19736.
*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.