The Long & Foster Market Minute

Focus On: North York, Faustown, and Shiloh Housing Market June 2021

Zip Code(s): 17404, 17408 and 17371
Units Sold
107
Active Inventory
74
Median Sale Price
$195,900
Days On Market
11
Up
Vs. Year Ago
Down -35%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -69%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 107 sold this month in North York, Faustown, and Shiloh 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 39 units or 35%. The total number of active inventory this June was 74 compared to 113 in June 2020. This month's total of 74 is higher than the previous month's total supply of available inventory of 64, an increase of 16%.

Median Sale Price
Last June, the median sale price for North York, Faustown, and Shiloh Homes was $176,500. This June, the median sale price was $195,900, an increase of 11% or $19,400 compared to last year. The current median sold price is 4% 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
159
Current Contracts
135
Sold Vs. List Price
101.4%
Months of Supply
0.7
Up 27%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 1.8%
Vs. Year Ago
Down -55%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in North York, Faustown, and Shiloh, compared to 1.5 in June 2020. That is a decrease of 55% 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 159 homes newly listed for sale in North York, Faustown, and Shiloh compared to 125 in June 2020, an increase of 27%. There were 135 current contracts pending sale this June compared to 133 a year ago. The number of current contracts is 2% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in North York, Faustown, and Shiloh was 101.4% of the average list price, which is 1.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 36, a decrease of 69%.

The Long & Foster Market Minute North York, Faustown, and Shiloh are defined as properties listed in zip code/s 17404, 17408 and 17371.
*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.