The Long & Foster Market Minute

Focus On: Lansdowne and Yeadon Housing Market October 2022

Zip Code(s): 19050
Units Sold
25
Active Inventory
35
Median Sale Price
$280,000
Days On Market
24
Down -22%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up
Vs. Year Ago
Down -14%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 25 sold this month in Lansdowne and Yeadon Real Estate versus 36 last month, a decrease of 31%. This month's total units sold was lower than at this time last year, a decrease of 22% versus October 2021.

Active Inventory
Versus last year, the total number of homes available this month is higher by 2 units or 6%. The total number of active inventory this October was 35 compared to 33 in October 2021. This month's total of 35 is lower than the previous month's total supply of available inventory of 42, a decrease of 17%.

Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last October, the median sale price for Lansdowne and Yeadon Homes was $199,500. This October, the median sale price was $280,000, an increase of $80,500 compared to last year. The current median sold price is higher than in September.

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


New Listings
17
Current Contracts
19
Sold Vs. List Price
99.9%
Months of Supply
1.4
Down -62%
Vs. Year Ago
Down -51%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Up 36%
Vs. Year Ago

Months of Supply
In October, there was 1.4 months of supply available in Lansdowne and Yeadon, compared to 1.0 in October 2021. That is an increase of 36% 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 17 homes newly listed for sale in Lansdowne and Yeadon compared to 45 in October 2021, a decrease of 62%. There were 19 current contracts pending sale this October compared to 39 a year ago. The number of current contracts is 51% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Lansdowne and Yeadon was 99.9% of the average list price, which is 0.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 24, lower than the average last year, which was 28, a decrease of 14%.

The Long & Foster Market Minute Lansdowne and Yeadon are defined as properties listed in zip code/s 19050.
*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.