Newtown Square and Glen Mills Housing Market Data

There was an increase in total units sold in December, with 36 sold this month in Newtown Square and Glen Mills Real Estate versus 31 last month, an increase of 16%. This month's total units sold was lower than at this time last year, a decrease of 3% versus December 2018.

Versus last year, the total number of homes available this month is lower by 51 units or 28%. The total number of active inventory this December was 129 compared to 180 in December 2018. This month's total of 129 is lower than the previous month's total supply of available inventory of 183, a decrease of 30%.

Last December, the median sale price for Newtown Square and Glen Mills Homes was $462,000. This December, the median sale price was $422,450, a decrease of 9% or $39,550 compared to last year. The current median sold price is 19% lower than in November.

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

In December, there was 3.6 months of supply available in Newtown Square and Glen Mills, compared to 4.9 in December 2018. That is a decrease of 26% 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 19 homes newly listed for sale in Newtown Square and Glen Mills compared to 23 in December 2018, a decrease of 17%. There were 33 current contracts pending sale this December compared to 29 a year ago. The number of current contracts is 14% higher than last December.

In December, the average sale price in Newtown Square and Glen Mills was 97.5% of the average list price, which is 1.3% lower than at this time last year.

This month, the average number of days on market was 43, which is similar compared to a year ago.





Focus On: Newtown Square and Glen Mills Housing Market			December 2019

Zip Code(s): 19073 and 19342
Units Sold 36	Active Inventory 129	Median Sale Price $422,450	Days On Market 43

Down -3% Vs. Year Ago	Down -28% Vs. Year Ago	Down -9% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was an increase in total units sold in December, with 36 sold this month in Newtown Square and Glen Mills Real Estate versus 31 last month, an increase of 16%. This month's total units sold was lower than at this time last year, a decrease of 3% versus December 2018.
Active Inventory Versus last year, the total number of homes available this month is lower by 51 units or 28%. The total number of active inventory this December was 129 compared to 180 in December 2018. This month's total of 129 is lower than the previous month's total supply of available inventory of 183, a decrease of 30%.
		Median Sale Price Last December, the median sale price for Newtown Square and Glen Mills Homes was $462,000. This December, the median sale price was $422,450, a decrease of 9% or $39,550 compared to last year. The current median sold price is 19% lower than in November. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 19	Current Contracts 33	Sold Vs. List Price 97.5%	Months of Supply 3.6

Down -17% Vs. Year Ago	Up 14% Vs. Year Ago	Down -1.3% Vs. Year Ago	Down -26% Vs. Year Ago


		Months of Supply In December, there was 3.6 months of supply available in Newtown Square and Glen Mills, compared to 4.9 in December 2018. That is a decrease of 26% 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 19 homes newly listed for sale in Newtown Square and Glen Mills compared to 23 in December 2018, a decrease of 17%. There were 33 current contracts pending sale this December compared to 29 a year ago. The number of current contracts is 14% higher than last December.
		Sale Price to List Price Ratio In December, the average sale price in Newtown Square and Glen Mills was 97.5% of the average list price, which is 1.3% lower than at this time last year. Days on Market This month, the average number of days on market was 43, which is similar compared to a year ago.


	Newtown Square and Glen Mills are defined as properties listed in zip code/s 19073 and 19342.
	*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.