The Long & Foster Market Minute

Focus On: Springfield, Wallingford, and Swarthmore Housing Market June 2021

Zip Code(s): 19064, 19081, 19070, 19086 and 19033
Units Sold
109
Active Inventory
51
Median Sale Price
$374,900
Days On Market
12
Up
Vs. Year Ago
Down -46%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -64%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 109 sold this month in Springfield, Wallingford, and Swarthmore 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 44 units or 46%. The total number of active inventory this June was 51 compared to 95 in June 2020. This month's total of 51 is higher than the previous month's total supply of available inventory of 44, an increase of 16%.

Median Sale Price
Last June, the median sale price for Springfield, Wallingford, and Swarthmore Homes was $325,000. This June, the median sale price was $374,900, an increase of 15% or $49,900 compared to last year. The current median sold price is 2% 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
114
Current Contracts
98
Sold Vs. List Price
102.7%
Months of Supply
0.5
Down -2%
Vs. Year Ago
Down -10%
Vs. Year Ago
Up 4.5%
Vs. Year Ago
Down -71%
Vs. Year Ago

Months of Supply
In June, there was 0.5 months of supply available in Springfield, Wallingford, and Swarthmore, compared to 1.6 in June 2020. That is a decrease of 71% 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 114 homes newly listed for sale in Springfield, Wallingford, and Swarthmore compared to 116 in June 2020, a decrease of 2%. There were 98 current contracts pending sale this June compared to 109 a year ago. The number of current contracts is 10% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Springfield, Wallingford, and Swarthmore was 102.7% of the average list price, which is 4.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 12, lower than the average last year, which was 33, a decrease of 64%.

The Long & Foster Market Minute Springfield, Wallingford, and Swarthmore are defined as properties listed in zip code/s 19064, 19081, 19070, 19086 and 19033.
*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.