The Long & Foster Market Minute

Focus On: Perkasie and Sellersville Housing Market June 2021

Zip Code(s): 18960, 18944, 18962, 18911, 18927 and 18917
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Down -31%
Vs. Year Ago
Up 29%
Vs. Year Ago
Down -59%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 52 sold this month in Perkasie and Sellersville 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 26 units or 31%. The total number of active inventory this June was 59 compared to 85 in June 2020. This month's total of 59 is higher than the previous month's total supply of available inventory of 40, an increase of 48%.

Median Sale Price
Last June, the median sale price for Perkasie and Sellersville Homes was $295,000. This June, the median sale price was approximately the same at $381,000. The current median sold price is 29% higher than in June 2020.

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 35%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 4.4%
Vs. Year Ago
Down -56%
Vs. Year Ago

Months of Supply
In June, there was 1.1 months of supply available in Perkasie and Sellersville, compared to 2.6 in June 2020. That is a decrease of 56% 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 88 homes newly listed for sale in Perkasie and Sellersville compared to 65 in June 2020, an increase of 35%. There were 64 current contracts pending sale this June compared to 63 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 Perkasie and Sellersville was 102.2% of the average list price, which is 4.3% 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 32, a decrease of 59%.

The Long & Foster Market Minute Perkasie and Sellersville are defined as properties listed in zip code/s 18960, 18944, 18962, 18911, 18927 and 18917.
*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.