The Long & Foster Market Minute

Focus On: Phoenixville Housing Market September 2019

Zip Code(s): 19460, 19480 and 19442
Units Sold
49
Active Inventory
110
Median Sale Price
$375,000
Days On Market
30
Down -13%
Vs. Year Ago
Down -28%
Vs. Year Ago
Up 16%
Vs. Year Ago
Up 3%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 49 sold this month in Phoenixville Real Estate versus 58 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 13% versus September 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 42 units or 28%. The total number of active inventory this September was 110 compared to 152 in September 2018. This month's total of 110 is lower than the previous month's total supply of available inventory of 127, a decrease of 13%.

Median Sale Price
Last September, the median sale price for Phoenixville Homes was $323,670. This September, the median sale price was $375,000, an increase of 16% or $51,330 compared to last year. The current median sold price is 15% higher than in August.

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


New Listings
56
Current Contracts
52
Sold Vs. List Price
97.6%
Months of Supply
2.2
Down -21%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -4%
Vs. Year Ago
Down -17%
Vs. Year Ago

Months of Supply
In September, there was 2.2 months of supply available in Phoenixville, compared to 2.7 in September 2018. That is a decrease of 17% 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 56 homes newly listed for sale in Phoenixville compared to 71 in September 2018, a decrease of 21%. There were 52 current contracts pending sale this September compared to 47 a year ago. The number of current contracts is 11% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Phoenixville was 97.6% of the average list price, which is 4.1% lower than at this time last year.

Days on Market
This month, the average number of days on market was 30, higher than the average last year, which was 29, an increase of 3%.

The Long & Foster Market Minute Phoenixville are defined as properties listed in zip code/s 19460, 19480 and 19442.
*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.