The Long & Foster Market Minute

Focus On: City Center, Fairmount, and Callowhill Housing Market June 2021

Zip Code(s): 19103, 19102, 19106, 19107, 19130 and 19123
Units Sold
288
Active Inventory
753
Median Sale Price
$439,000
Days On Market
58
Up
Vs. Year Ago
No Change
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -9%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 288 sold this month in City Center, Fairmount, and Callowhill Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
The total number of homes available this month is 753 units, which is similar compared to a year ago. This month's total of 753 is lower than the previous month's total supply of available inventory of 770, a decrease of 2%.

Median Sale Price
Last June, the median sale price for City Center, Fairmount, and Callowhill Homes was $423,000. This June, the median sale price was $439,000, an increase of 4% or $16,000 compared to last year. The current median sold price is 3% 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
285
Current Contracts
183
Sold Vs. List Price
97.2%
Months of Supply
2.6
Down -6%
Vs. Year Ago
Up 22%
Vs. Year Ago
Up 1.1%
Vs. Year Ago
Down -68%
Vs. Year Ago

Months of Supply
In June, there was 2.6 months of supply available in City Center, Fairmount, and Callowhill, compared to 8.1 in June 2020. That is a decrease of 68% 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 285 homes newly listed for sale in City Center, Fairmount, and Callowhill compared to 304 in June 2020, a decrease of 6%. There were 183 current contracts pending sale this June compared to 150 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 City Center, Fairmount, and Callowhill was 97.2% of the average list price, which is 1.1% higher than at this time last year.

Days on Market
This month, the average number of days on market was 58, lower than the average last year, which was 64, a decrease of 9%.

The Long & Foster Market Minute City Center, Fairmount, and Callowhill are defined as properties listed in zip code/s 19103, 19102, 19106, 19107, 19130 and 19123.
*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.