The Long & Foster Market Minute

Focus On: Juniata and Frankford Housing Market June 2021

Zip Code(s): 19124
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Up 1%
Vs. Year Ago
Up 19%
Vs. Year Ago
Down -49%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 64 sold this month in Juniata and Frankford 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 higher by 1 units or 1%. The total number of active inventory this June was 95 compared to 94 in June 2020. This month's total of 95 is lower than the previous month's total supply of available inventory of 100, a decrease of 5%.

Median Sale Price
Last June, the median sale price for Juniata and Frankford Homes was $130,000. This June, the median sale price was $155,000, an increase of 19% or $25,000 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
Current Contracts
Sold Vs. List Price
Months of Supply
Up 40%
Vs. Year Ago
Up 56%
Vs. Year Ago
Up 1.9%
Vs. Year Ago
Down -54%
Vs. Year Ago

Months of Supply
In June, there was 1.5 months of supply available in Juniata and Frankford, compared to 3.2 in June 2020. That is a decrease of 54% 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 91 homes newly listed for sale in Juniata and Frankford compared to 65 in June 2020, an increase of 40%. There were 70 current contracts pending sale this June compared to 45 a year ago. The number of current contracts is 56% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Juniata and Frankford was 99.2% of the average list price, which is 1.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 19, lower than the average last year, which was 37, a decrease of 49%.

The Long & Foster Market Minute Juniata and Frankford are defined as properties listed in zip code/s 19124.
*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.