The Long & Foster Market Minute
Focus On: Lehigh County Housing Market December 2015
Units Sold
315
Active Inventory
1,347
Median Sale Price
$169,500
Days On Market
58
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -5%
Vs. Year Ago
Down -34%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -22%
Vs. Year Ago
Units Sold
There was an increase in total units sold in December, with 315 sold this month in Lehigh County Real Estate versus 256 last month, an increase of 23%. This month's total units sold was lower than at this time last year, a decrease of 5% versus December 2014.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 700 units or 34%. The total number of active inventory this December was 1,347 compared to 2,047 in December 2014. This month's total of 1,347 is lower than the previous month's total supply of available inventory of 1,788, a decrease of 25%.

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Median Sale Price
Last December, the median sale price for Lehigh County Homes was $154,000. This December, the median sale price was $169,500, an increase of 10% or $15,500 compared to last year. The current median sold price is 12% higher than in November.

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
296
Current Contracts
293
Sold Vs. List Price
97.5%
Months of Supply
4.3
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -11%
Vs. Year Ago
Up 42%
Vs. Year Ago
Up 1.7%
Vs. Year Ago
Down -30%
Vs. Year Ago
Months of Supply
In December, there was 4.3 months of supply available in Lehigh County, compared to 6.1 in December 2014. That is a decrease of 30% 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 296 homes newly listed for sale in Lehigh County compared to 333 in December 2014, a decrease of 11%. There were 293 current contracts pending sale this December compared to 206 a year ago. The number of current contracts is 42% higher than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Lehigh County was 97.5% of the average list price, which is 1.7% 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 74, a decrease of 22%.

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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.