The Long & Foster Market Minute

Focus On: Springfield, Wallingford, and Swarthmore Housing Market August 2021

Zip Code(s): 19064, 19081, 19070, 19086 and 19033
Units Sold
93
Active Inventory
54
Median Sale Price
$330,000
Days On Market
12
Down -12%
Vs. Year Ago
Down -24%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -56%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 93 sold this month in Springfield, Wallingford, and Swarthmore Real Estate versus 97 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 12% versus August 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 17 units or 24%. The total number of active inventory this August was 54 compared to 71 in August 2020. This month's total of 54 is lower than the previous month's total supply of available inventory of 72, a decrease of 25%.

Median Sale Price
Last August, the median sale price for Springfield, Wallingford, and Swarthmore Homes was $296,000. This August, the median sale price was $330,000, an increase of 11% or $34,000 compared to last year. The current median sold price is 10% lower 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
77
Current Contracts
84
Sold Vs. List Price
102.4%
Months of Supply
0.6
Down -21%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 2.5%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In August, there was 0.6 months of supply available in Springfield, Wallingford, and Swarthmore. The amount of supply is similar compared to 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 77 homes newly listed for sale in Springfield, Wallingford, and Swarthmore compared to 97 in August 2020, a decrease of 21%. There were 84 current contracts pending sale this August compared to 86 a year ago. The number of current contracts is 2% lower than last August.

Sale Price to List Price Ratio
In August, the average sale price in Springfield, Wallingford, and Swarthmore was 102.4% of the average list price, which is 2.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 12, lower than the average last year, which was 27, a decrease of 56%.

The Long & Foster Market Minute Springfield, Wallingford, and Swarthmore are defined as properties listed in zip code/s 19064, 19081, 19070, 19086 and 19033.
*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.