The Long & Foster Market Minute

Focus On: Kennett Square and Avondale Housing Market June 2021

Zip Code(s): 19348, 19311, 19375 and 19374
Units Sold
70
Active Inventory
67
Median Sale Price
$510,500
Days On Market
36
Up
Vs. Year Ago
Down -48%
Vs. Year Ago
Up 20%
Vs. Year Ago
Down -41%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 70 sold this month in Kennett Square and Avondale 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 62 units or 48%. The total number of active inventory this June was 67 compared to 129 in June 2020. This month's total of 67 is higher than the previous month's total supply of available inventory of 65, an increase of 3%.

Median Sale Price
Last June, the median sale price for Kennett Square and Avondale Homes was $426,300. This June, the median sale price was approximately the same at $510,500. The current median sold price is 20% higher than in June 2020.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
73
Current Contracts
56
Sold Vs. List Price
103.6%
Months of Supply
1.0
Down -6%
Vs. Year Ago
Down -33%
Vs. Year Ago
Up
Vs. Year Ago
Down -65%
Vs. Year Ago

Months of Supply
In June, there was 1.0 months of supply available in Kennett Square and Avondale, compared to 2.7 in June 2020. That is a decrease of 65% 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 73 homes newly listed for sale in Kennett Square and Avondale compared to 78 in June 2020, a decrease of 6%. There were 56 current contracts pending sale this June compared to 83 a year ago. The number of current contracts is 33% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Kennett Square and Avondale was 103.6% of the average list price, which is 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 61, a decrease of 41%.

The Long & Foster Market Minute Kennett Square and Avondale are defined as properties listed in zip code/s 19348, 19311, 19375 and 19374.
*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.