The Long & Foster Market Minute
Focus On: Lehigh County Housing Market July 2014
Units Sold
346
Active Inventory
1,998
Median Sale Price
$180,000
Days On Market
58
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -13%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -2%
Vs. Year Ago
Down -5%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in July, with 346 sold this month in Lehigh County Real Estate versus 358 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 13% versus July 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 18 units or 1%. The total number of active inventory this July was 1,998 compared to 1,980 in July 2013. This month's total of 1,998 is higher than the previous month's total supply of available inventory of 1,978, an increase of 1%.

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Median Sale Price
Last July, the median sale price for Lehigh County Homes was $182,900. This July, the median sale price was $180,000, a decrease of 2% or $2,900 compared to last year. The current median sold price is 3% higher than in June.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

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New Listings
642
Current Contracts
416
Sold Vs. List Price
97.3%
Months of Supply
5.8
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 5%
Vs. Year Ago
Up 23%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Up 16%
Vs. Year Ago
Months of Supply
In July, there was 5.8 months of supply available in Lehigh County, compared to 5.0 in July 2013. That is an increase of 16% 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.

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New Listings & Current Contracts
This month there were 642 homes newly listed for sale in Lehigh County compared to 610 in July 2013, an increase of 5%. There were 416 current contracts pending sale this July compared to 338 a year ago. The number of current contracts is 23% higher than last July.

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Sale Price to List Price Ratio
In July, the average sale price in Lehigh County was 97.3% of the average list price, which is 0.8% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 58, lower than the average last year, which was 61, a decrease of 5%.

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*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 LVAR 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 LVAR or Long & Foster Real Estate, Inc.