NORTH WALES HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in March, with 18 sold this month in North Wales Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024.

Versus last year, the total number of homes available this month is lower by 10 units or 42%. The total number of active inventory this March was 14 compared to 24 in March 2024. This month's total of 14 is higher than the previous month's total supply of available inventory of 10, an increase of 40%.

Last March, the median sale price for North Wales Homes was $442,500. This March, the median sale price was $470,500, an increase of 6% or $28,000 compared to last year. The current median sold price is 2% higher than in February.

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

In March, there was 0.8 months of supply available in North Wales, compared to 2.4 in March 2024. That is a decrease of 68% 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 28 homes newly listed for sale in North Wales compared to 33 in March 2024, a decrease of 15%. There were 21 current contracts pending sale this March compared to 36 a year ago. The number of current contracts is 42% lower than last March.

In March, the average sale price in North Wales 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 14, higher than the average last year, which was 9. This increase was impacted by the limited number of sales.





FOCUS ON: NORTH WALES HOUSING MARKET			MARCH 2025

Zip Code(s): 19454 and 18936
Units Sold 18	Active Inventory 14	Median Sale Price $470,500	Days On Market 14

Up Vs. Year Ago	Down -42% Vs. Year Ago	Up 6% Vs. Year Ago	Up Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in March, with 18 sold this month in North Wales Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 10 units or 42%. The total number of active inventory this March was 14 compared to 24 in March 2024. This month's total of 14 is higher than the previous month's total supply of available inventory of 10, an increase of 40%.
		Median Sale Price Last March, the median sale price for North Wales Homes was $442,500. This March, the median sale price was $470,500, an increase of 6% or $28,000 compared to last year. The current median sold price is 2% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 28	Current Contracts 21	Sold Vs. List Price 100.9%	Months of Supply 0.8

Down -15% Vs. Year Ago	Down -42% Vs. Year Ago	No Change Vs. Year Ago	Down -68% Vs. Year Ago


		Months of Supply In March, there was 0.8 months of supply available in North Wales, compared to 2.4 in March 2024. That is a decrease of 68% 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 28 homes newly listed for sale in North Wales compared to 33 in March 2024, a decrease of 15%. There were 21 current contracts pending sale this March compared to 36 a year ago. The number of current contracts is 42% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in North Wales 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 14, higher than the average last year, which was 9. This increase was impacted by the limited number of sales.


	North Wales are defined as properties listed in zip code/s 19454 and 18936.
	*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.