Newtown Square and Glen Mills Housing Market Data

The number of units sold remained stable in April, with 39 sold this month in Newtown Square and Glen Mills Real Estate. This month's total units sold was higher than at this time last year, an increase of 59% versus April 2012.

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Versus last year, the total number of homes available this month is lower by 27 units or 9%. The total number of active inventory this April was 286 compared to 313 in April 2012. This month's total of 286 is higher than the previous month's total supply of available inventory of 251, an increase of 14%.

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Last April, the median sale price for Newtown Square and Glen Mills Homes was $327,500. This April, the median sale price was $290,000, a decrease of 11% or $37,500 compared to last year. The current median sold price is 12% lower than in March.

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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In April, there was 7.3 months of supply available in Newtown Square and Glen Mills, compared to 10.8 in April 2012. That is a decrease of 32% 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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This month there were 105 homes newly listed for sale in Newtown Square and Glen Mills compared to 66 in April 2012, an increase of 59%. There were 51 current contracts pending sale this April compared to 47 a year ago. The number of current contracts is 9% higher than last April.

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Click here to compare the current contracts of this area against other locations.

In April, the average sale price in Newtown Square and Glen Mills was 95.1% of the average list price, which is 2.3% higher than at this time last year.

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This month, the average number of days on market was 129, higher than the average last year, which was 108, an increase of 19%.

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Focus On: Newtown Square and Glen Mills Housing Market			April 2013
Zip Code(s): 19073 and 19342
Units Sold 39	Active Inventory 286	Median Sale Price $290,000	Days On Market 129

Up 34% Vs. Year Ago	Down -9% Vs. Year Ago	Down -11% Vs. Year Ago	Up 19% Vs. Year Ago

iCharts		Units Sold The number of units sold remained stable in April, with 39 sold this month in Newtown Square and Glen Mills Real Estate. This month's total units sold was higher than at this time last year, an increase of 59% versus April 2012. Click here to compare the units sold of this area against other locations.
Active Inventory Versus last year, the total number of homes available this month is lower by 27 units or 9%. The total number of active inventory this April was 286 compared to 313 in April 2012. This month's total of 286 is higher than the previous month's total supply of available inventory of 251, an increase of 14%. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last April, the median sale price for Newtown Square and Glen Mills Homes was $327,500. This April, the median sale price was $290,000, a decrease of 11% or $37,500 compared to last year. The current median sold price is 12% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. Click here to compare the median sale price of this area against other locations.



New Listings 105	Current Contracts 51	Sold Vs. List Price 95.1%	Months of Supply 7.3

Up 59% Vs. Year Ago	Up 9% Vs. Year Ago	Up 2.4% Vs. Year Ago	Down -32% Vs. Year Ago

iCharts		Months of Supply In April, there was 7.3 months of supply available in Newtown Square and Glen Mills, compared to 10.8 in April 2012. That is a decrease of 32% 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. Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts This month there were 105 homes newly listed for sale in Newtown Square and Glen Mills compared to 66 in April 2012, an increase of 59%. There were 51 current contracts pending sale this April compared to 47 a year ago. The number of current contracts is 9% higher than last April. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		Sale Price to List Price Ratio In April, the average sale price in Newtown Square and Glen Mills was 95.1% of the average list price, which is 2.3% higher than at this time last year. Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market This month, the average number of days on market was 129, higher than the average last year, which was 108, an increase of 19%. Click here to compare the days on market of this area against other locations.		iCharts



Newtown Square and Glen Mills are defined as properties listed in zip code/s 19073 and 19342.
*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.
Information included in this report is based on data supplied by TREND 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 TREND or Long & Foster Real Estate, Inc.