The Long & Foster Market Minute

Focus On: Devonshire, Arden, and Claymont Housing Market June 2021

Zip Code(s): 19810 and 19703
Units Sold
78
Active Inventory
30
Median Sale Price
$353,000
Days On Market
18
Up
Vs. Year Ago
Down -45%
Vs. Year Ago
Up 9%
Vs. Year Ago
Down -18%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 78 sold this month in Devonshire, Arden, and Claymont Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 25 units or 45%. The total number of active inventory this June was 30 compared to 55 in June 2020. This month's total of 30 is lower than the previous month's total supply of available inventory of 36, a decrease of 17%.

Median Sale Price
Last June, the median sale price for Devonshire, Arden, and Claymont Homes was $324,950. This June, the median sale price was $353,000, an increase of 9% or $28,050 compared to last year. The current median sold price is 2% higher than in May.

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


New Listings
62
Current Contracts
62
Sold Vs. List Price
103.0%
Months of Supply
0.4
Up 19%
Vs. Year Ago
Up 22%
Vs. Year Ago
Up 3.7%
Vs. Year Ago
Down -75%
Vs. Year Ago

Months of Supply
In June, there was 0.4 months of supply available in Devonshire, Arden, and Claymont, compared to 1.5 in June 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 62 homes newly listed for sale in Devonshire, Arden, and Claymont compared to 52 in June 2020, an increase of 19%. There were 62 current contracts pending sale this June compared to 51 a year ago. The number of current contracts is 22% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Devonshire, Arden, and Claymont was 103.0% of the average list price, which is 3.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 18, lower than the average last year, which was 22, a decrease of 18%.

The Long & Foster Market Minute Devonshire, Arden, and Claymont are defined as properties listed in zip code/s 19810 and 19703.
*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.