The Long & Foster Market Minute

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

Zip Code(s): 19064, 19081, 19070, 19086 and 19033
Units Sold
65
Active Inventory
27
Median Sale Price
$340,011
Days On Market
25
No Change
Vs. Year Ago
Down -37%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -24%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 65 sold this month in Springfield, Wallingford, and Swarthmore Real Estate, a decrease of 7%. This month's total units sold is similar compared to a year ago.

Active Inventory
Versus last year, the total number of homes available this month is lower by 16 units or 37%. The total number of active inventory this December was 27 compared to 43 in December 2020. This month's total of 27 is lower than the previous month's total supply of available inventory of 42, a decrease of 36%.

Median Sale Price
Last December, the median sale price for Springfield, Wallingford, and Swarthmore Homes was $330,000. This December, the median sale price was $340,011, an increase of 3% or $10,011 compared to last year. The current median sold price is 8% lower than in November.

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


New Listings
33
Current Contracts
40
Sold Vs. List Price
99.6%
Months of Supply
0.4
Down -28%
Vs. Year Ago
Down -30%
Vs. Year Ago
Up 1.5%
Vs. Year Ago
Down -36%
Vs. Year Ago

Months of Supply
In December, there was 0.4 months of supply available in Springfield, Wallingford, and Swarthmore, compared to 0.7 in December 2020. That is a decrease of 37% 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 33 homes newly listed for sale in Springfield, Wallingford, and Swarthmore compared to 46 in December 2020, a decrease of 28%. There were 40 current contracts pending sale this December compared to 57 a year ago. The number of current contracts is 30% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Springfield, Wallingford, and Swarthmore was 99.6% of the average list price, which is 1.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 25, lower than the average last year, which was 33, a decrease of 24%.

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.