MAINLINE HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in April, with 31 sold this month in Mainline Real Estate. This month's total units sold was lower than at this time last year, a decrease from April 2024.

Versus last year, the total number of homes available this month is lower by 25 units or 29%. The total number of active inventory this April was 60 compared to 85 in April 2024. This month's total of 60 is higher than the previous month's total supply of available inventory of 55, an increase of 9%.

Last April, the median sale price for Mainline Homes was $990,000. This April, the median sale price was $1,075,000, an increase of 9% or $85,000 compared to last year. The current median sold price is 11% lower than in March.

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

In April, there was 1.9 months of supply available in Mainline, compared to 2.2 in April 2024. That is a decrease of 13% 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 52 homes newly listed for sale in Mainline compared to 72 in April 2024, a decrease of 28%. There were 37 current contracts pending sale this April compared to 49 a year ago. The number of current contracts is 24% lower than last April.

In April, the average sale price in Mainline was 98.3% of the average list price, which is lower than at this time last year.

This month, the average number of days on market was 22, higher than the average last year, which was 16, an increase of 38%.





FOCUS ON: MAINLINE HOUSING MARKET			APRIL 2025

Zip Code(s): 19010, 19085, 19035 and 19041
Units Sold 31	Active Inventory 60	Median Sale Price $1,075,000	Days On Market 22

Down Vs. Year Ago	Down -29% Vs. Year Ago	Up 9% Vs. Year Ago	Up 38% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in April, with 31 sold this month in Mainline Real Estate. This month's total units sold was lower than at this time last year, a decrease from April 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 25 units or 29%. The total number of active inventory this April was 60 compared to 85 in April 2024. This month's total of 60 is higher than the previous month's total supply of available inventory of 55, an increase of 9%.
		Median Sale Price Last April, the median sale price for Mainline Homes was $990,000. This April, the median sale price was $1,075,000, an increase of 9% or $85,000 compared to last year. The current median sold price is 11% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 52	Current Contracts 37	Sold Vs. List Price 98.3%	Months of Supply 1.9

Down -28% Vs. Year Ago	Down -24% Vs. Year Ago	Down Vs. Year Ago	Down -13% Vs. Year Ago


		Months of Supply In April, there was 1.9 months of supply available in Mainline, compared to 2.2 in April 2024. That is a decrease of 13% 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 52 homes newly listed for sale in Mainline compared to 72 in April 2024, a decrease of 28%. There were 37 current contracts pending sale this April compared to 49 a year ago. The number of current contracts is 24% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Mainline was 98.3% of the average list price, which is lower than at this time last year. Days on Market This month, the average number of days on market was 22, higher than the average last year, which was 16, an increase of 38%.


	Mainline are defined as properties listed in zip code/s 19010, 19085, 19035 and 19041.
	*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.