The Long & Foster Market Minute

Focus On: Phoenixville Housing Market July 2019

Zip Code(s): 19460, 19480 and 19442
Units Sold
64
Active Inventory
121
Median Sale Price
$315,000
Days On Market
51
Down -15%
Vs. Year Ago
Down -6%
Vs. Year Ago
No Change
Vs. Year Ago
Up 89%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in July, with 64 sold this month in Phoenixville Real Estate versus 77 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 15% versus July 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 8 units or 6%. The total number of active inventory this July was 121 compared to 129 in July 2018. This month's total of 121 is lower than the previous month's total supply of available inventory of 130, a decrease of 7%.

Median Sale Price
Last July, the median sale price for Phoenixville Homes was $313,475. This July, the median sale price was $315,000, which is similar compared to a year ago. The current median sold price is 3% higher than in June.

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


New Listings
65
Current Contracts
57
Sold Vs. List Price
99.0%
Months of Supply
1.9
Up 10%
Vs. Year Ago
Up 19%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
Up 10%
Vs. Year Ago

Months of Supply
In July, there was 1.9 months of supply available in Phoenixville, compared to 1.7 in July 2018. That is an increase of 10% 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 65 homes newly listed for sale in Phoenixville compared to 59 in July 2018, an increase of 10%. There were 57 current contracts pending sale this July compared to 48 a year ago. The number of current contracts is 19% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in Phoenixville was 99.0% of the average list price, which is 0.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 51, higher than the average last year, which was 27, an increase of 89%.

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.