Clifton Heights, Glenolden, and Holmes Housing Market Data

There was an increase in total units sold in August, with 71 sold this month in Clifton Heights, Glenolden, and Holmes Real Estate versus 65 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 9% versus August 2020.

Versus last year, the total number of homes available this month is lower by 12 units or 18%. The total number of active inventory this August was 56 compared to 68 in August 2020. This month's total of 56 is lower than the previous month's total supply of available inventory of 66, a decrease of 15%.

Last August, the median sale price for Clifton Heights, Glenolden, and Holmes Homes was $175,000. This August, the median sale price was $199,000, an increase of 14% or $24,000 compared to last year. The current median sold price is 3% 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.

In August, there was 0.8 months of supply available in Clifton Heights, Glenolden, and Holmes. 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.

This month there were 84 homes newly listed for sale in Clifton Heights, Glenolden, and Holmes compared to 92 in August 2020, a decrease of 9%. There were 85 current contracts pending sale this August compared to 67 a year ago. The number of current contracts is 27% higher than last August.

In August, the average sale price in Clifton Heights, Glenolden, and Holmes was 100.7% of the average list price, which is 1.3% higher than at this time last year.

This month, the average number of days on market was 16, lower than the average last year, which was 25, a decrease of 36%.





Focus On: Clifton Heights, Glenolden, and Holmes Housing Market			August 2021

Zip Code(s): 19018, 19036 and 19043
Units Sold 71	Active Inventory 56	Median Sale Price $199,000	Days On Market 16

Down -9% Vs. Year Ago	Down -18% Vs. Year Ago	Up 14% Vs. Year Ago	Down -36% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 71 sold this month in Clifton Heights, Glenolden, and Holmes Real Estate versus 65 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 9% versus August 2020.
Active Inventory Versus last year, the total number of homes available this month is lower by 12 units or 18%. The total number of active inventory this August was 56 compared to 68 in August 2020. This month's total of 56 is lower than the previous month's total supply of available inventory of 66, a decrease of 15%.
		Median Sale Price Last August, the median sale price for Clifton Heights, Glenolden, and Holmes Homes was $175,000. This August, the median sale price was $199,000, an increase of 14% or $24,000 compared to last year. The current median sold price is 3% 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 84	Current Contracts 85	Sold Vs. List Price 100.7%	Months of Supply 0.8

Down -9% Vs. Year Ago	Up 27% Vs. Year Ago	Up 1.3% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In August, there was 0.8 months of supply available in Clifton Heights, Glenolden, and Holmes. 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 84 homes newly listed for sale in Clifton Heights, Glenolden, and Holmes compared to 92 in August 2020, a decrease of 9%. There were 85 current contracts pending sale this August compared to 67 a year ago. The number of current contracts is 27% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Clifton Heights, Glenolden, and Holmes was 100.7% of the average list price, which is 1.3% higher than at this time last year. Days on Market This month, the average number of days on market was 16, lower than the average last year, which was 25, a decrease of 36%.


	Clifton Heights, Glenolden, and Holmes are defined as properties listed in zip code/s 19018, 19036 and 19043.
	*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.