The Long & Foster Market Minute

Focus On: Kingsessing Housing Market June 2021

Zip Code(s): 19143
Units Sold
42
Active Inventory
145
Median Sale Price
$180,000
Days On Market
25
Up 24%
Vs. Year Ago
Up 26%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -40%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 42 sold this month in Kingsessing Real Estate versus 55 last month, a decrease of 24%. This month's total units sold was higher than at this time last year, an increase of 24% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 30 units or 26%. The total number of active inventory this June was 145 compared to 115 in June 2020. This month's total of 145 is higher than the previous month's total supply of available inventory of 135, an increase of 7%.

Median Sale Price
Last June, the median sale price for Kingsessing Homes was $181,000. This June, the median sale price was $180,000, a decrease of 1% or $1,000 compared to last year. The current median sold price is 3% lower 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
97
Current Contracts
57
Sold Vs. List Price
99.3%
Months of Supply
3.5
Up 14%
Vs. Year Ago
Down -15%
Vs. Year Ago
Up 2.7%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In June, there was 3.5 months of supply available in Kingsessing. The amount of supply is similar compared to 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 97 homes newly listed for sale in Kingsessing compared to 85 in June 2020, an increase of 14%. There were 57 current contracts pending sale this June compared to 67 a year ago. The number of current contracts is 15% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Kingsessing was 99.3% of the average list price, which is 2.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 25, lower than the average last year, which was 42, a decrease of 40%.

The Long & Foster Market Minute Kingsessing are defined as properties listed in zip code/s 19143.
*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.