The Long & Foster Market Minute

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%.

The Long & Foster Market Minute 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.
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.