Lansdale Housing Market Data

There was a decrease in total units sold in February, with 22 sold this month in Lansdale Real Estate, a decrease of 39%. This month's total units sold is similar compared to a year ago.

Versus last year, the total number of homes available this month is higher by 17 units or 85%. The total number of active inventory this February was 37 compared to 20 in February 2022. This month's total of 37 is lower than the previous month's total supply of available inventory of 41, a decrease of 10%.

Last February, the median sale price for Lansdale Homes was $387,000. This February, the median sale price was $455,750, an increase of 18% or $68,750 compared to last year. The current median sold price is 1% higher 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.

In February, there was 1.7 months of supply available in Lansdale, compared to 0.9 in February 2022. That is an increase of 85% 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.

This month there were 34 homes newly listed for sale in Lansdale compared to 53 in February 2022, a decrease of 36%. There were 34 current contracts pending sale this February compared to 54 a year ago. The number of current contracts is 37% lower than last February.

In February, the average sale price in Lansdale was 100.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 31, higher than the average last year, which was 19. This increase was impacted by the limited number of sales.





Focus On: Lansdale Housing Market			February 2023

Zip Code(s): 19446 and 19490
Units Sold 22	Active Inventory 37	Median Sale Price $455,750	Days On Market 31

No Change Vs. Year Ago	Up 85% Vs. Year Ago	Up 18% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was a decrease in total units sold in February, with 22 sold this month in Lansdale Real Estate, a decrease of 39%. This month's total units sold is similar compared to a year ago.
Active Inventory Versus last year, the total number of homes available this month is higher by 17 units or 85%. The total number of active inventory this February was 37 compared to 20 in February 2022. This month's total of 37 is lower than the previous month's total supply of available inventory of 41, a decrease of 10%.
		Median Sale Price Last February, the median sale price for Lansdale Homes was $387,000. This February, the median sale price was $455,750, an increase of 18% or $68,750 compared to last year. The current median sold price is 1% higher 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 34	Current Contracts 34	Sold Vs. List Price 100.9%	Months of Supply 1.7

Down -36% Vs. Year Ago	Down -37% Vs. Year Ago	No Change Vs. Year Ago	Up 85% Vs. Year Ago


		Months of Supply In February, there was 1.7 months of supply available in Lansdale, compared to 0.9 in February 2022. That is an increase of 85% 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 34 homes newly listed for sale in Lansdale compared to 53 in February 2022, a decrease of 36%. There were 34 current contracts pending sale this February compared to 54 a year ago. The number of current contracts is 37% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Lansdale was 100.9% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 31, higher than the average last year, which was 19. This increase was impacted by the limited number of sales.


	Lansdale are defined as properties listed in zip code/s 19446 and 19490.
	*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.
	Information 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.