The Long & Foster Market Minute

Focus On: Collingswood and Oaklyn Housing Market June 2021

Zip Code(s): 08107 and 08108
Units Sold
41
Active Inventory
56
Median Sale Price
$290,000
Days On Market
17
Down -16%
Vs. Year Ago
Up 14%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -53%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 41 sold this month in Collingswood and Oaklyn Real Estate versus 45 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 16% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 7 units or 14%. The total number of active inventory this June was 56 compared to 49 in June 2020. This month's total of 56 is higher than the previous month's total supply of available inventory of 44, an increase of 27%.

Median Sale Price
Last June, the median sale price for Collingswood and Oaklyn Homes was $280,000. This June, the median sale price was $290,000, an increase of 4% or $10,000 compared to last year. The current median sold price is 3% lower 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
71
Current Contracts
52
Sold Vs. List Price
102.7%
Months of Supply
1.4
Up 82%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 3.4%
Vs. Year Ago
Up 37%
Vs. Year Ago

Months of Supply
In June, there was 1.4 months of supply available in Collingswood and Oaklyn, compared to 1.0 in June 2020. That is an increase 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 71 homes newly listed for sale in Collingswood and Oaklyn compared to 39 in June 2020, an increase of 82%. There were 52 current contracts pending sale this June compared to 47 a year ago. The number of current contracts is 11% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Collingswood and Oaklyn was 102.7% of the average list price, which is 3.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 17, lower than the average last year, which was 36, a decrease of 53%.

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.