The Long & Foster Market Minute

Focus On: Wayne Housing Market June 2021

Zip Code(s): 19087
Units Sold
86
Active Inventory
56
Median Sale Price
$713,630
Days On Market
13
Up
Vs. Year Ago
Down -43%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -70%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 86 sold this month in Wayne 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 42 units or 43%. The total number of active inventory this June was 56 compared to 98 in June 2020. This month's total of 56 is higher than the previous month's total supply of available inventory of 53, an increase of 6%.

Median Sale Price
Last June, the median sale price for Wayne Homes was $625,000. This June, the median sale price was $713,630, an increase of 14% or $88,630 compared to last year. The current median sold price is 10% 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
78
Current Contracts
64
Sold Vs. List Price
102.0%
Months of Supply
0.7
Down -13%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 4.6%
Vs. Year Ago
Down -78%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Wayne, compared to 3.0 in June 2020. That is a decrease of 78% 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 78 homes newly listed for sale in Wayne compared to 90 in June 2020, a decrease of 13%. There were 64 current contracts pending sale this June compared to 77 a year ago. The number of current contracts remained stable as compared to last June.

Sale Price to List Price Ratio
In June, the average sale price in Wayne was 102.0% of the average list price, which is 4.5% 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 44, a decrease of 70%.

The Long & Foster Market Minute Wayne are defined as properties listed in zip code/s 19087.
*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.