The Long & Foster Market Minute

Focus On: Pottstown, Spring City, and Honey Brook Housing Market June 2021

Zip Code(s): 19465, 19475, 19344, 19343, 19520, 19470, 19457 and 19316
Units Sold
80
Active Inventory
70
Median Sale Price
$406,572
Days On Market
13
Up
Vs. Year Ago
Down -49%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -83%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 80 sold this month in Pottstown, Spring City, and Honey Brook 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 68 units or 49%. The total number of active inventory this June was 70 compared to 138 in June 2020. This month's total of 70 is higher than the previous month's total supply of available inventory of 54, an increase of 30%.

Median Sale Price
Last June, the median sale price for Pottstown, Spring City, and Honey Brook Homes was $363,376. This June, the median sale price was $406,572, an increase of 12% or $43,196 compared to last year. The current median sold price is 16% 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
104
Current Contracts
78
Sold Vs. List Price
105.0%
Months of Supply
0.9
Up 2%
Vs. Year Ago
Down -14%
Vs. Year Ago
Up
Vs. Year Ago
Down -76%
Vs. Year Ago

Months of Supply
In June, there was 0.9 months of supply available in Pottstown, Spring City, and Honey Brook, compared to 3.6 in June 2020. That is a decrease of 76% 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 104 homes newly listed for sale in Pottstown, Spring City, and Honey Brook compared to 102 in June 2020, an increase of 2%. There were 78 current contracts pending sale this June compared to 91 a year ago. The number of current contracts is 14% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Pottstown, Spring City, and Honey Brook was 105.0% 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 77, a decrease of 83%.

The Long & Foster Market Minute Pottstown, Spring City, and Honey Brook are defined as properties listed in zip code/s 19465, 19475, 19344, 19343, 19520, 19470, 19457 and 19316.
*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.