The Long & Foster Market Minute

Focus On: Lansdale Housing Market June 2021

Zip Code(s): 19446 and 19490
Units Sold
69
Active Inventory
25
Median Sale Price
$396,000
Days On Market
13
Up 28%
Vs. Year Ago
Down -57%
Vs. Year Ago
Up 33%
Vs. Year Ago
Down -54%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 69 sold this month in Lansdale Real Estate versus 58 last month, an increase of 19%. This month's total units sold was higher than at this time last year, an increase of 28% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 33 units or 57%. The total number of active inventory this June was 25 compared to 58 in June 2020. This month's total of 25 is lower than the previous month's total supply of available inventory of 34, a decrease of 26%.

Median Sale Price
Last June, the median sale price for Lansdale Homes was $297,750. This June, the median sale price was $396,000, an increase of $98,250 compared to last year. The current median sold price is 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
90
Current Contracts
91
Sold Vs. List Price
103.2%
Months of Supply
0.4
Down -16%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 4.1%
Vs. Year Ago
Down -66%
Vs. Year Ago

Months of Supply
In June, there was 0.4 months of supply available in Lansdale, compared to 1.1 in June 2020. That is a decrease of 66% 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 90 homes newly listed for sale in Lansdale compared to 107 in June 2020, a decrease of 16%. There were 91 current contracts pending sale this June compared to 110 a year ago. The number of current contracts is 17% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Lansdale was 103.2% of the average list price, which is 4.1% higher than at this time last year.

Days on Market
This month, the average number of days on market was 13, lower than the average last year, which was 28, a decrease of 54%.

The Long & Foster Market Minute Lansdale are defined as properties listed in zip code/s 19446 and 19490.
*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.