The Long & Foster Market Minute

Focus On: Sinking Spring, Gouglersville, and Wernersville Housing Market June 2021

Zip Code(s): 19608 and 19565
Units Sold
49
Active Inventory
23
Median Sale Price
$357,000
Days On Market
52
Up
Vs. Year Ago
Down -63%
Vs. Year Ago
Up
Vs. Year Ago
Down -2%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 49 sold this month in Sinking Spring, Gouglersville, and Wernersville 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 40 units or 63%. The total number of active inventory this June was 23 compared to 63 in June 2020. This month's total of 23 is higher than the previous month's total supply of available inventory of 22, an increase of 5%.

Median Sale Price
Last June, the median sale price for Sinking Spring, Gouglersville, and Wernersville Homes was $246,000. This June, the median sale price was $357,000, an increase of $111,000 compared to last year. The current median sold price is 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
57
Current Contracts
46
Sold Vs. List Price
99.7%
Months of Supply
0.5
Up 8%
Vs. Year Ago
Down -6%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Down -81%
Vs. Year Ago

Months of Supply
In June, there was 0.5 months of supply available in Sinking Spring, Gouglersville, and Wernersville, compared to 2.5 in June 2020. That is a decrease of 81% 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 57 homes newly listed for sale in Sinking Spring, Gouglersville, and Wernersville compared to 53 in June 2020, an increase of 8%. There were 46 current contracts pending sale this June compared to 49 a year ago. The number of current contracts is 6% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Sinking Spring, Gouglersville, and Wernersville was 99.7% of the average list price, which is 0.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 52, lower than the average last year, which was 53, a decrease of 2%.

The Long & Foster Market Minute Sinking Spring, Gouglersville, and Wernersville are defined as properties listed in zip code/s 19608 and 19565.
*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.