The Long & Foster Market Minute

Focus On: Gilbertsville, Pennsburg, East Greenville Housing Market June 2021

Zip Code(s): 19525, 18073, 18074, 18041, 18076, 18054, 19492, 19435, 18070 and 18084
Units Sold
69
Active Inventory
50
Median Sale Price
$310,500
Days On Market
18
Up
Vs. Year Ago
Down -49%
Vs. Year Ago
Up 21%
Vs. Year Ago
Down -59%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 69 sold this month in Gilbertsville, Pennsburg, East Greenville 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 49 units or 49%. The total number of active inventory this June was 50 compared to 99 in June 2020. This month's total of 50 is higher than the previous month's total supply of available inventory of 43, an increase of 16%.

Median Sale Price
Last June, the median sale price for Gilbertsville, Pennsburg, East Greenville Homes was $257,500. This June, the median sale price was $310,500, an increase of 21% or $53,000 compared to last year. The current median sold price is 13% 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
83
Current Contracts
63
Sold Vs. List Price
102.7%
Months of Supply
0.7
Down -16%
Vs. Year Ago
Down -41%
Vs. Year Ago
Up 4.3%
Vs. Year Ago
Down -74%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Gilbertsville, Pennsburg, East Greenville, compared to 2.8 in June 2020. That is a decrease of 74% 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 83 homes newly listed for sale in Gilbertsville, Pennsburg, East Greenville compared to 99 in June 2020, a decrease of 16%. There were 63 current contracts pending sale this June compared to 107 a year ago. The number of current contracts is 41% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Gilbertsville, Pennsburg, East Greenville was 102.7% of the average list price, which is 4.2% 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 44, a decrease of 59%.

The Long & Foster Market Minute Gilbertsville, Pennsburg, East Greenville are defined as properties listed in zip code/s 19525, 18073, 18074, 18041, 18076, 18054, 19492, 19435, 18070 and 18084.
*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.