The Long & Foster Market Minute

Focus On: Oxford, Landenberg, and West Grove Housing Market June 2021

Zip Code(s): 19363, 19390, 19350, 19352, 19330, 19362, 19360, 19351, 19347, 19346 and 19318
Units Sold
93
Active Inventory
126
Median Sale Price
$413,000
Days On Market
13
Up
Vs. Year Ago
Down -26%
Vs. Year Ago
Up 23%
Vs. Year Ago
Down -80%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 93 sold this month in Oxford, Landenberg, and West Grove 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 45 units or 26%. The total number of active inventory this June was 126 compared to 171 in June 2020. This month's total of 126 is higher than the previous month's total supply of available inventory of 115, an increase of 10%.

Median Sale Price
Last June, the median sale price for Oxford, Landenberg, and West Grove Homes was $335,000. This June, the median sale price was $413,000, an increase of 23% or $78,000 compared to last year. The current median sold price is 6% 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
102
Current Contracts
77
Sold Vs. List Price
102.2%
Months of Supply
1.4
Down -1%
Vs. Year Ago
Down -15%
Vs. Year Ago
Up
Vs. Year Ago
Down -61%
Vs. Year Ago

Months of Supply
In June, there was 1.4 months of supply available in Oxford, Landenberg, and West Grove, compared to 3.5 in June 2020. That is a decrease of 61% 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 102 homes newly listed for sale in Oxford, Landenberg, and West Grove compared to 103 in June 2020, a decrease of 1%. There were 77 current contracts pending sale this June compared to 91 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 Oxford, Landenberg, and West Grove was 102.2% 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 13, lower than the average last year, which was 65, a decrease of 80%.

The Long & Foster Market Minute Oxford, Landenberg, and West Grove are defined as properties listed in zip code/s 19363, 19390, 19350, 19352, 19330, 19362, 19360, 19351, 19347, 19346 and 19318.
*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.