The Long & Foster Market Minute

Focus On: Phoenixville Housing Market March 2019

Zip Code(s): 19460, 19480 and 19442
Units Sold
48
Active Inventory
104
Median Sale Price
$308,000
Days On Market
63
No Change
Vs. Year Ago
Down -21%
Vs. Year Ago
Up 8%
Vs. Year Ago
Up 13%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 48 sold this month in Phoenixville Real Estate, an increase of 60%. This month's total units sold is similar compared to a year ago.

Active Inventory
Versus last year, the total number of homes available this month is lower by 27 units or 21%. The total number of active inventory this March was 104 compared to 131 in March 2018. This month's total of 104 is lower than the previous month's total supply of available inventory of 107, a decrease of 3%.

Median Sale Price
Last March, the median sale price for Phoenixville Homes was $284,500. This March, the median sale price was $308,000, an increase of 8% or $23,500 compared to last year. The current median sold price is 8% 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
74
Current Contracts
62
Sold Vs. List Price
99.4%
Months of Supply
2.2
Down -7%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 1.6%
Vs. Year Ago
Down -21%
Vs. Year Ago

Months of Supply
In March, there was 2.2 months of supply available in Phoenixville, compared to 2.7 in March 2018. That is a decrease of 21% 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 74 homes newly listed for sale in Phoenixville compared to 80 in March 2018, a decrease of 8%. There were 62 current contracts pending sale this March compared to 61 a year ago. The number of current contracts is 2% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Phoenixville was 99.4% of the average list price, which is 1.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 63, higher than the average last year, which was 56, an increase of 13%.

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.