The Long & Foster Market Minute

Focus On: Morris Park and Wynnefield Housing Market June 2021

Zip Code(s): 19151 and 19131
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Down -22%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -63%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 63 sold this month in Morris Park and Wynnefield 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 21 units or 22%. The total number of active inventory this June was 75 compared to 96 in June 2020. This month's total of 75 is lower than the previous month's total supply of available inventory of 77, a decrease of 3%.

Median Sale Price
Last June, the median sale price for Morris Park and Wynnefield Homes was $170,000. This June, the median sale price was $175,000, an increase of 3% or $5,000 compared to last year. The current median sold price is 9% 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
Current Contracts
Sold Vs. List Price
Months of Supply
Up 31%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Down -58%
Vs. Year Ago

Months of Supply
In June, there was 1.2 months of supply available in Morris Park and Wynnefield, compared to 2.8 in June 2020. That is a decrease of 58% 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 68 homes newly listed for sale in Morris Park and Wynnefield compared to 52 in June 2020, an increase of 31%. There were 53 current contracts pending sale this June compared to 54 a year ago. The number of current contracts is 2% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Morris Park and Wynnefield was 99.5% of the average list price, which is 0.8% 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 51, a decrease of 63%.

The Long & Foster Market Minute Morris Park and Wynnefield are defined as properties listed in zip code/s 19151 and 19131.
*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.