The Long & Foster Market Minute

Focus On: Collingswood and Oaklyn Housing Market March 2021

Zip Code(s): 08107 and 08108
Units Sold
45
Active Inventory
26
Median Sale Price
$250,000
Days On Market
31
Up 25%
Vs. Year Ago
Down -69%
Vs. Year Ago
Up 21%
Vs. Year Ago
Down -45%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 45 sold this month in Collingswood and Oaklyn Real Estate versus 41 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 25% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 58 units or 69%. The total number of active inventory this March was 26 compared to 84 in March 2020. This month's total of 26 is higher than the previous month's total supply of available inventory of 25, an increase of 4%.

Median Sale Price
Last March, the median sale price for Collingswood and Oaklyn Homes was $207,250. This March, the median sale price was $250,000, an increase of 21% or $42,750 compared to last year. The current median sold price is 9% lower than in February.

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


New Listings
45
Current Contracts
39
Sold Vs. List Price
100.7%
Months of Supply
0.6
Down -15%
Vs. Year Ago
Down -25%
Vs. Year Ago
Up 1.9%
Vs. Year Ago
Down -75%
Vs. Year Ago

Months of Supply
In March, there was 0.6 months of supply available in Collingswood and Oaklyn, compared to 2.3 in March 2020. That is a decrease of 75% 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 45 homes newly listed for sale in Collingswood and Oaklyn compared to 53 in March 2020, a decrease of 15%. There were 39 current contracts pending sale this March compared to 52 a year ago. The number of current contracts is 25% lower than last March.

Sale Price to List Price Ratio
In March, the average sale price in Collingswood and Oaklyn was 100.7% of the average list price, which is 1.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 31, lower than the average last year, which was 56, a decrease of 45%.

The Long & Foster Market Minute Collingswood and Oaklyn are defined as properties listed in zip code/s 08107 and 08108.
*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.