The Long & Foster Market Minute

Focus On: Souderton, Telford, and Hatfield Housing Market September 2021

Zip Code(s): 18969, 18964, 19440 and 18915
Units Sold
65
Active Inventory
34
Median Sale Price
$350,000
Days On Market
26
Down -4%
Vs. Year Ago
Down -32%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 37%
Vs. Year Ago

Units Sold
There was an increase in total units sold in September, with 65 sold this month in Souderton, Telford, and Hatfield Real Estate versus 58 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 4% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 16 units or 32%. The total number of active inventory this September was 34 compared to 50 in September 2020. This month's total of 34 is lower than the previous month's total supply of available inventory of 35, a decrease of 3%.

Median Sale Price
Last September, the median sale price for Souderton, Telford, and Hatfield Homes was $355,825. This September, the median sale price was $350,000, a decrease of 2% or $5,825 compared to last year. The current median sold price is 6% lower 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
48
Current Contracts
40
Sold Vs. List Price
101.9%
Months of Supply
0.5
Down -6%
Vs. Year Ago
Down -34%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Down -30%
Vs. Year Ago

Months of Supply
In September, there was 0.5 months of supply available in Souderton, Telford, and Hatfield, compared to 0.7 in September 2020. That is a decrease of 29% 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 48 homes newly listed for sale in Souderton, Telford, and Hatfield compared to 51 in September 2020, a decrease of 6%. There were 40 current contracts pending sale this September compared to 61 a year ago. The number of current contracts is 34% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Souderton, Telford, and Hatfield was 101.9% of the average list price, which is 0.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 26, higher than the average last year, which was 19, an increase of 37%.

The Long & Foster Market Minute Souderton, Telford, and Hatfield are defined as properties listed in zip code/s 18969, 18964, 19940 and 18915.
*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.