The Long & Foster Market Minute

Focus On: Glasgow Housing Market June 2021

Zip Code(s): 19702
Units Sold
61
Active Inventory
28
Median Sale Price
$260,000
Days On Market
9
Up
Vs. Year Ago
Down -42%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -36%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 61 sold this month in Glasgow 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 20 units or 42%. The total number of active inventory this June was 28 compared to 48 in June 2020. This month's total of 28 is higher than the previous month's total supply of available inventory of 21, an increase of 33%.

Median Sale Price
Last June, the median sale price for Glasgow Homes was $256,500. This June, the median sale price was $260,000, an increase of 1% or $3,500 compared to last year. The current median sold price is 4% 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
51
Sold Vs. List Price
101.5%
Months of Supply
0.5
Down -2%
Vs. Year Ago
Down -18%
Vs. Year Ago
Up 2.6%
Vs. Year Ago
Down -63%
Vs. Year Ago

Months of Supply
In June, there was 0.5 months of supply available in Glasgow, compared to 1.3 in June 2020. That is a decrease of 64% 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 Glasgow compared to 63 in June 2020, a decrease of 2%. There were 51 current contracts pending sale this June compared to 62 a year ago. The number of current contracts is 18% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Glasgow was 101.5% 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 9, lower than the average last year, which was 14, a decrease of 36%.

The Long & Foster Market Minute Glasgow are defined as properties listed in zip code/s 19702.
*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.