Souderton, Telford, and Hatfield Housing Market Data

The number of units sold remained stable in February, with 27 sold this month in Souderton, Telford, and Hatfield Real Estate. This month's total units sold was higher than at this time last year, an increase of 56% versus February 2022.

Versus last year, the total number of homes available this month is higher by 9 units or 38%. The total number of active inventory this February was 33 compared to 24 in February 2022. This month's total of 33 is lower than the previous month's total supply of available inventory of 38, a decrease of 13%.

Last February, the median sale price for Souderton, Telford, and Hatfield Homes was $387,500. This February, the median sale price was $405,000, an increase of 5% or $17,500 compared to last year. The current median sold price is 4% higher than in January.

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

In February, there was 1.2 months of supply available in Souderton, Telford, and Hatfield, compared to 1.3 in February 2022. That is a decrease of 8% 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 25 homes newly listed for sale in Souderton, Telford, and Hatfield compared to 57 in February 2022, a decrease of 56%. There were 26 current contracts pending sale this February compared to 43 a year ago. The number of current contracts is 40% lower than last February.

In February, the average sale price in Souderton, Telford, and Hatfield was 99.7% of the average list price, which is 0.6% higher than at this time last year.

This month, the average number of days on market was 21, lower than the average last year, which was 37, a decrease of 43%.





Focus On: Souderton, Telford, and Hatfield Housing Market			February 2023

Zip Code(s): 18969, 18964, 19440 and 18915
Units Sold 27	Active Inventory 33	Median Sale Price $405,000	Days On Market 21

Up 50% Vs. Year Ago	Up 38% Vs. Year Ago	Up 5% Vs. Year Ago	Down -43% Vs. Year Ago


		Units Sold The number of units sold remained stable in February, with 27 sold this month in Souderton, Telford, and Hatfield Real Estate. This month's total units sold was higher than at this time last year, an increase of 56% versus February 2022.
Active Inventory Versus last year, the total number of homes available this month is higher by 9 units or 38%. The total number of active inventory this February was 33 compared to 24 in February 2022. This month's total of 33 is lower than the previous month's total supply of available inventory of 38, a decrease of 13%.
		Median Sale Price Last February, the median sale price for Souderton, Telford, and Hatfield Homes was $387,500. This February, the median sale price was $405,000, an increase of 5% or $17,500 compared to last year. The current median sold price is 4% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 25	Current Contracts 26	Sold Vs. List Price 99.7%	Months of Supply 1.2

Down -56% Vs. Year Ago	Down -40% Vs. Year Ago	Up 0.6% Vs. Year Ago	Down -8% Vs. Year Ago


		Months of Supply In February, there was 1.2 months of supply available in Souderton, Telford, and Hatfield, compared to 1.3 in February 2022. That is a decrease of 8% 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 25 homes newly listed for sale in Souderton, Telford, and Hatfield compared to 57 in February 2022, a decrease of 56%. There were 26 current contracts pending sale this February compared to 43 a year ago. The number of current contracts is 40% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Souderton, Telford, and Hatfield was 99.7% of the average list price, which is 0.6% higher than at this time last year. Days on Market This month, the average number of days on market was 21, lower than the average last year, which was 37, a decrease of 43%.


	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.
	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.