The Long & Foster Market Minute

Focus On: Abington, Huntington Valley, and Jenkintown Housing Market March 2021

Zip Code(s): 19001, 19006, 19009 and 19046
Units Sold
60
Active Inventory
51
Median Sale Price
$387,450
Days On Market
36
Up 20%
Vs. Year Ago
Down -63%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -28%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 60 sold this month in Abington, Huntington Valley, and Jenkintown 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 85 units or 63%. The total number of active inventory this March was 51 compared to 136 in March 2020. This month's total of 51 is higher than the previous month's total supply of available inventory of 46, an increase of 11%.

Median Sale Price
Last March, the median sale price for Abington, Huntington Valley, and Jenkintown Homes was $327,500. This March, the median sale price was $387,450, an increase of 18% or $59,950 compared to last year. The current median sold price is 10% 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
84
Current Contracts
69
Sold Vs. List Price
100.7%
Months of Supply
0.9
Up 22%
Vs. Year Ago
Up 19%
Vs. Year Ago
Up 1.3%
Vs. Year Ago
Down -69%
Vs. Year Ago

Months of Supply
In March, there was 0.9 months of supply available in Abington, Huntington Valley, and Jenkintown, compared to 2.7 in March 2020. That is a decrease of 69% 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 84 homes newly listed for sale in Abington, Huntington Valley, and Jenkintown compared to 69 in March 2020, an increase of 22%. There were 69 current contracts pending sale this March compared to 58 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 Abington, Huntington Valley, and Jenkintown was 100.7% of the average list price, which is 1.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 36, lower than the average last year, which was 50, a decrease of 28%.

The Long & Foster Market Minute Abington, Huntington Valley, and Jenkintown are defined as properties listed in zip code/s 19001, 19006, 19009 and 19046.
*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.