ROXBOROUGH AND MANAYUNK HOUSING MARKET DATA

There was a decrease in total units sold in August, with 53 sold this month in Roxborough and Manayunk Real Estate versus 63 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 4% versus August 2023.

Versus last year, the total number of homes available this month is higher by 7 units or 9%. The total number of active inventory this August was 89 compared to 82 in August 2023. This month's total of 89 is lower than the previous month's total supply of available inventory of 118, a decrease of 25%.

Last August, the median sale price for Roxborough and Manayunk Homes was $370,000. This August, the median sale price was $365,000, a decrease of 1% or $5,000 compared to last year. The current median sold price is 2% higher than in July.

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

In August, there was 1.7 months of supply available in Roxborough and Manayunk, compared to 1.5 in August 2023. That is an increase of 13% 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 55 homes newly listed for sale in Roxborough and Manayunk compared to 71 in August 2023, a decrease of 23%. There were 58 current contracts pending sale this August compared to 47 a year ago. The number of current contracts is 23% higher than last August.

In August, the average sale price in Roxborough and Manayunk was 99.3% of the average list price, which is 2.1% lower than at this time last year.

This month, the average number of days on market was 27, higher than the average last year, which was 25, an increase of 8%.





FOCUS ON: ROXBOROUGH AND MANAYUNK HOUSING MARKET			AUGUST 2024

Zip Code(s): 19128 and 19127
Units Sold 53	Active Inventory 89	Median Sale Price $365,000	Days On Market 27

Down -4% Vs. Year Ago	Up 9% Vs. Year Ago	Down -1% Vs. Year Ago	Up 8% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 53 sold this month in Roxborough and Manayunk Real Estate versus 63 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 4% versus August 2023.
Active Inventory Versus last year, the total number of homes available this month is higher by 7 units or 9%. The total number of active inventory this August was 89 compared to 82 in August 2023. This month's total of 89 is lower than the previous month's total supply of available inventory of 118, a decrease of 25%.
		Median Sale Price Last August, the median sale price for Roxborough and Manayunk Homes was $370,000. This August, the median sale price was $365,000, a decrease of 1% or $5,000 compared to last year. The current median sold price is 2% higher than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 55	Current Contracts 58	Sold Vs. List Price 99.3%	Months of Supply 1.7

Down -23% Vs. Year Ago	Up 23% Vs. Year Ago	Down -2.1% Vs. Year Ago	Up 13% Vs. Year Ago


		Months of Supply In August, there was 1.7 months of supply available in Roxborough and Manayunk, compared to 1.5 in August 2023. That is an increase of 13% 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 55 homes newly listed for sale in Roxborough and Manayunk compared to 71 in August 2023, a decrease of 23%. There were 58 current contracts pending sale this August compared to 47 a year ago. The number of current contracts is 23% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Roxborough and Manayunk was 99.3% of the average list price, which is 2.1% lower than at this time last year. Days on Market This month, the average number of days on market was 27, higher than the average last year, which was 25, an increase of 8%.


	Roxborough and Manayunk are defined as properties listed in zip code/s 19128 and 19127.
	*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.