The Long & Foster Market Minute

Focus On: Collegeville Housing Market September 2019

Zip Code(s): 19426 and 19453
Units Sold
41
Active Inventory
125
Median Sale Price
$320,402
Days On Market
62
Down -2%
Vs. Year Ago
Down -34%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 48%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 41 sold this month in Collegeville Real Estate versus 57 last month, a decrease of 28%. This month's total units sold was lower than at this time last year, a decrease of 2% versus September 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 65 units or 34%. The total number of active inventory this September was 125 compared to 190 in September 2018. This month's total of 125 is lower than the previous month's total supply of available inventory of 147, a decrease of 15%.

Median Sale Price
Last September, the median sale price for Collegeville Homes was $301,450. This September, the median sale price was $320,402, an increase of 6% or $18,952 compared to last year. The current median sold price is 16% lower than in August.

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


New Listings
58
Current Contracts
45
Sold Vs. List Price
98.1%
Months of Supply
3.0
Down -15%
Vs. Year Ago
Up 22%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -33%
Vs. Year Ago

Months of Supply
In September, there was 3.0 months of supply available in Collegeville, compared to 4.5 in September 2018. That is a decrease of 33% 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 58 homes newly listed for sale in Collegeville compared to 68 in September 2018, a decrease of 15%. There were 45 current contracts pending sale this September compared to 37 a year ago. The number of current contracts is 22% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Collegeville was 98.1% of the average list price, which is 1.0% lower than at this time last year.

Days on Market
This month, the average number of days on market was 62, higher than the average last year, which was 42, an increase of 48%.

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.