The Long & Foster Market Minute

Focus On: Darby, Collingdale, and Sharon Hill Housing Market August 2021

Zip Code(s): 19023 and 19079
Units Sold
26
Active Inventory
38
Median Sale Price
$140,700
Days On Market
19
Up
Vs. Year Ago
Down -25%
Vs. Year Ago
Up
Vs. Year Ago
Down -47%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in August, with 26 sold this month in Darby, Collingdale, and Sharon Hill Real Estate. This month's total units sold was higher than at this time last year, an increase from August 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 13 units or 25%. The total number of active inventory this August was 38 compared to 51 in August 2020. This month's total of 38 is lower than the previous month's total supply of available inventory of 50, a decrease of 24%.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last August, the median sale price for Darby, Collingdale, and Sharon Hill Homes was $103,750. This August, the median sale price was $140,700, an increase of $36,950 compared to last year. The current median sold price is 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
44
Current Contracts
45
Sold Vs. List Price
101.5%
Months of Supply
1.5
Up 29%
Vs. Year Ago
Up 36%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -31%
Vs. Year Ago

Months of Supply
In August, there was 1.5 months of supply available in Darby, Collingdale, and Sharon Hill, compared to 2.1 in August 2020. That is a decrease of 31% 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 44 homes newly listed for sale in Darby, Collingdale, and Sharon Hill compared to 34 in August 2020, an increase of 29%. There were 45 current contracts pending sale this August compared to 33 a year ago. The number of current contracts is 36% higher than last August.

Sale Price to List Price Ratio
In August, the average sale price in Darby, Collingdale, and Sharon Hill was 101.5% of the average list price, which is 3.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 19, lower than the average last year, which was 36, a decrease of 47%.

The Long & Foster Market Minute Darby, Collingdale, and Sharon Hill are defined as properties listed in zip code/s 19023 and 19079.
*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.