The Long & Foster Market Minute

Focus On: Collegeville Housing Market March 2019

Zip Code(s): 19426 and 19453
Units Sold
35
Active Inventory
142
Median Sale Price
$295,000
Days On Market
100
Down -13%
Vs. Year Ago
Down -7%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 49%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 35 sold this month in Collegeville Real Estate versus 31 last month, an increase of 13%. This month's total units sold was lower than at this time last year, a decrease of 13% versus March 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 10 units or 7%. The total number of active inventory this March was 142 compared to 152 in March 2018. This month's total of 142 is lower than the previous month's total supply of available inventory of 144, a decrease of 1%.

Median Sale Price
Last March, the median sale price for Collegeville Homes was $289,500. This March, the median sale price was $295,000, an increase of 2% or $5,500 compared to last year. The current median sold price is 2% lower than in February.

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


New Listings
72
Current Contracts
63
Sold Vs. List Price
98.0%
Months of Supply
4.1
Down -5%
Vs. Year Ago
Up 9%
Vs. Year Ago
Down -2.5%
Vs. Year Ago
Up 7%
Vs. Year Ago

Months of Supply
In March, there was 4.1 months of supply available in Collegeville, compared to 3.8 in March 2018. That is an increase of 7% 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 72 homes newly listed for sale in Collegeville compared to 76 in March 2018, a decrease of 5%. There were 63 current contracts pending sale this March compared to 58 a year ago. The number of current contracts is 9% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Collegeville was 98.0% of the average list price, which is 2.5% lower than at this time last year.

Days on Market
This month, the average number of days on market was 100, higher than the average last year, which was 67, an increase of 49%.

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.