The Long & Foster Market Minute

Focus On: Ambler Housing Market March 2021

Zip Code(s): 19002, 19437 and 19477
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -26%
Vs. Year Ago
Down -27%
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -35%
Vs. Year Ago

Units Sold
The number of units sold remained stable in March, with 25 sold this month in Ambler Real Estate. This month's total units sold was lower than at this time last year, a decrease of 8% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 24 units or 27%. The total number of active inventory this March was 65 compared to 89 in March 2020. This month's total of 65 is lower than the previous month's total supply of available inventory of 70, a decrease of 7%.

Median Sale Price
Last March, the median sale price for Ambler Homes was $500,000. This March, the median sale price was $511,000, an increase of 2% or $11,000 compared to last year. The current median sold price is 7% higher 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
Current Contracts
Sold Vs. List Price
Months of Supply
Up 8%
Vs. Year Ago
Up 19%
Vs. Year Ago
Up 4.1%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In March, there was 2.6 months of supply available in Ambler. 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 56 homes newly listed for sale in Ambler compared to 52 in March 2020, an increase of 8%. There were 51 current contracts pending sale this March compared to 43 a year ago. The number of current contracts is 19% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Ambler was 101.5% of the average list price, which is 4.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 26, lower than the average last year, which was 40, a decrease of 35%.

The Long & Foster Market Minute Ambler are defined as properties listed in zip code/s 19002, 19437 and 19477.
*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.