Clifton Heights, Glenolden, and Holmes Housing Market Data

There was a decrease in total units sold in October, with 44 sold this month in Clifton Heights, Glenolden, and Holmes Real Estate versus 49 last month, a decrease of 10%. This month's total units sold was lower than at this time last year, a decrease of 24% versus October 2021.

Versus last year, the total number of homes available this month is lower by 34 units or 45%. The total number of active inventory this October was 42 compared to 76 in October 2021. This month's total of 42 is lower than the previous month's total supply of available inventory of 52, a decrease of 19%.

Last October, the median sale price for Clifton Heights, Glenolden, and Holmes Homes was $200,000. This October, the median sale price was $215,000, an increase of 8% or $15,000 compared to last year. The current median sold price is 7% lower than in September.

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

In October, there was 1.0 months of supply available in Clifton Heights, Glenolden, and Holmes, compared to 1.3 in October 2021. That is a decrease of 27% 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.

This month there were 46 homes newly listed for sale in Clifton Heights, Glenolden, and Holmes compared to 79 in October 2021, a decrease of 42%. There were 44 current contracts pending sale this October compared to 67 a year ago. The number of current contracts is 34% lower than last October.

In October, the average sale price in Clifton Heights, Glenolden, and Holmes was 100.8% of the average list price, which is 1.0% higher than at this time last year.

This month, the average number of days on market was 14, lower than the average last year, which was 16, a decrease of 13%.





Focus On: Clifton Heights, Glenolden, and Holmes Housing Market			October 2022

Zip Code(s): 19018, 19036 and 19043
Units Sold 44	Active Inventory 42	Median Sale Price $215,000	Days On Market 14

Down -24% Vs. Year Ago	Down -45% Vs. Year Ago	Up 7% Vs. Year Ago	Down -13% Vs. Year Ago


		Units Sold There was a decrease in total units sold in October, with 44 sold this month in Clifton Heights, Glenolden, and Holmes Real Estate versus 49 last month, a decrease of 10%. This month's total units sold was lower than at this time last year, a decrease of 24% versus October 2021.
Active Inventory Versus last year, the total number of homes available this month is lower by 34 units or 45%. The total number of active inventory this October was 42 compared to 76 in October 2021. This month's total of 42 is lower than the previous month's total supply of available inventory of 52, a decrease of 19%.
		Median Sale Price Last October, the median sale price for Clifton Heights, Glenolden, and Holmes Homes was $200,000. This October, the median sale price was $215,000, an increase of 8% or $15,000 compared to last year. The current median sold price is 7% lower than in September. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 46	Current Contracts 44	Sold Vs. List Price 100.8%	Months of Supply 1.0

Down -42% Vs. Year Ago	Down -34% Vs. Year Ago	Up 1% Vs. Year Ago	Down -27% Vs. Year Ago


		Months of Supply In October, there was 1.0 months of supply available in Clifton Heights, Glenolden, and Holmes, compared to 1.3 in October 2021. That is a decrease of 27% 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 46 homes newly listed for sale in Clifton Heights, Glenolden, and Holmes compared to 79 in October 2021, a decrease of 42%. There were 44 current contracts pending sale this October compared to 67 a year ago. The number of current contracts is 34% lower than last October.
		Sale Price to List Price Ratio In October, the average sale price in Clifton Heights, Glenolden, and Holmes was 100.8% of the average list price, which is 1.0% higher than at this time last year. Days on Market This month, the average number of days on market was 14, lower than the average last year, which was 16, a decrease of 13%.


	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.