The Long & Foster Market Minute

Focus On: Laureldale and Temple Housing Market June 2021

Zip Code(s): 19605 and 19560
Units Sold
59
Active Inventory
23
Median Sale Price
$205,000
Days On Market
10
Up
Vs. Year Ago
Down -60%
Vs. Year Ago
Up 16%
Vs. Year Ago
Down -86%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 59 sold this month in Laureldale and Temple 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 34 units or 60%. The total number of active inventory this June was 23 compared to 57 in June 2020. This month's total of 23 is lower than the previous month's total supply of available inventory of 24, a decrease of 4%.

Median Sale Price
Last June, the median sale price for Laureldale and Temple Homes was $177,000. This June, the median sale price was $205,000, an increase of 16% or $28,000 compared to last year. The current median sold price is 8% 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
57
Current Contracts
54
Sold Vs. List Price
103.4%
Months of Supply
0.4
Down -10%
Vs. Year Ago
Down -13%
Vs. Year Ago
Up
Vs. Year Ago
Down -79%
Vs. Year Ago

Months of Supply
In June, there was 0.4 months of supply available in Laureldale and Temple, compared to 1.8 in June 2020. That is a decrease of 79% 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 57 homes newly listed for sale in Laureldale and Temple compared to 63 in June 2020, a decrease of 10%. There were 54 current contracts pending sale this June compared to 62 a year ago. The number of current contracts is 13% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Laureldale and Temple was 103.4% 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 10, lower than the average last year, which was 70, a decrease of 86%.

The Long & Foster Market Minute Laureldale and Temple are defined as properties listed in zip code/s 19605 and 19560.
*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.