The Long & Foster Market Minute

Focus On: Havertown Housing Market August 2021

Zip Code(s): 19083
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Up 44%
Vs. Year Ago
Up 23%
Vs. Year Ago
Down -50%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 40 sold this month in Havertown Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 14 units or 44%. The total number of active inventory this August was 46 compared to 32 in August 2020. This month's supply remained stable as compared to last month.

Median Sale Price
Last August, the median sale price for Havertown Homes was $365,000. This August, the median sale price was $450,000, an increase of 23% or $85,000 compared to last year. The current median sold price is 8% 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
Current Contracts
Sold Vs. List Price
Months of Supply
Down -18%
Vs. Year Ago
Down -35%
Vs. Year Ago
Up 1.9%
Vs. Year Ago
Up 135%
Vs. Year Ago

Months of Supply
In August, there was 1.2 months of supply available in Havertown, compared to 0.5 in August 2020. That is an increase of 134% 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 47 homes newly listed for sale in Havertown compared to 57 in August 2020, a decrease of 18%. There were 37 current contracts pending sale this August compared to 57 a year ago. The number of current contracts is 35% lower than last August.

Sale Price to List Price Ratio
In August, the average sale price in Havertown was 102.5% of the average list price, which is 2.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 9, lower than the average last year, which was 18, a decrease of 50%.

The Long & Foster Market Minute Havertown are defined as properties listed in zip code/s 19083.
*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.