The Long & Foster Market Minute

Focus On: Collegeville Housing Market February 2020

Zip Code(s): 19426 and 19453
Units Sold
30
Active Inventory
93
Median Sale Price
$331,875
Days On Market
61
Down -14%
Vs. Year Ago
Down -34%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -3%
Vs. Year Ago

Units Sold
The number of units sold remained stable in February, with 30 sold this month in Collegeville Real Estate. This month's total units sold was lower than at this time last year, a decrease of 5% versus February 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 48 units or 34%. The total number of active inventory this February was 93 compared to 141 in February 2019. This month's total of 93 is lower than the previous month's total supply of available inventory of 102, a decrease of 9%.

Median Sale Price
Last February, the median sale price for Collegeville Homes was $300,000. This February, the median sale price was $331,875, an increase of 11% or $31,875 compared to last year. The current median sold price is 4% lower than in January.

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


New Listings
56
Current Contracts
55
Sold Vs. List Price
100.3%
Months of Supply
3.1
Down -5%
Vs. Year Ago
Up 31%
Vs. Year Ago
Up 1.7%
Vs. Year Ago
Down -23%
Vs. Year Ago

Months of Supply
In February, there was 3.1 months of supply available in Collegeville, compared to 4.0 in February 2019. That is a decrease of 23% 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 56 homes newly listed for sale in Collegeville compared to 59 in February 2019, a decrease of 5%. There were 55 current contracts pending sale this February compared to 42 a year ago. The number of current contracts is 31% higher than last February.

Sale Price to List Price Ratio
In February, the average sale price in Collegeville was 100.3% of the average list price, which is 1.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 61, lower than the average last year, which was 63, a decrease of 3%.

The Long & Foster Market Minute Collegeville are defined as properties listed in zip code/s 19426 and 19453.
*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.