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| Focus On: Chester County Housing Market | August 2021 | ||
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| Units Sold 899 |
Active Inventory 749 |
Median Sale Price $430,000 |
Days On Market 17 |
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| Down -6% Vs. Year Ago |
Down -33% Vs. Year Ago |
Up 6% Vs. Year Ago |
Down -45% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in August, with 899 sold this month in Chester County Real Estate versus 857 last month, an increase of 5%. This month's total units sold was lower than at this time last year, a decrease of 6% versus August 2020. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 376 units or 33%. The total number of active inventory this August was 749 compared to 1,125 in August 2020. This month's total of 749 is lower than the previous month's total supply of available inventory of 882, a decrease of 15%. |
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Median Sale Price
Last August, the median sale price for Chester County Homes was $405,000. This August, the median sale price was $430,000, an increase of 6% or $25,000 compared to last year. The current median sold price is 1% lower 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. |
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| New Listings 781 |
Current Contracts 763 |
Sold Vs. List Price 101.7% |
Months of Supply 0.8 |
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| Down -5% Vs. Year Ago |
Down -10% Vs. Year Ago |
Up 1.6% Vs. Year Ago |
Down -29% Vs. Year Ago |
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Months of Supply
In August, there was 0.8 months of supply available in Chester County, compared to 1.2 in August 2020. That is a decrease of 29% 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. |
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New Listings & Current Contracts
This month there were 781 homes newly listed for sale in Chester County compared to 826 in August 2020, a decrease of 5%. There were 763 current contracts pending sale this August compared to 852 a year ago. The number of current contracts is 10% lower than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Chester County was 101.7% of the average list price, which is 1.6% higher than at this time last year. Days on Market
This month, the average number of days on market was 17, lower than the average last year, which was 31, a decrease of 45%. | |||
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| *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. |
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