Perkasie and Sellersville Housing Market Data

With relatively few transactions, there was an increase in total units sold in April, with 37 sold this month in Perkasie and Sellersville Real Estate. This month's total units sold was higher than at this time last year, an increase from April 2011.

Versus last year, the total number of homes available this month is lower by 69 units or 19%. The total number of active inventory this April was 299 compared to 368 in April 2011. This month's total of 299 is higher than the previous month's total supply of available inventory of 257, an increase of 16%.

Last April, the median sale price for Perkasie and Sellersville Homes was $232,000. This April, the median sale price was $238,000, an increase of 3% or $6,000 compared to last year. The current median sold price is 1% higher than in March.

In April, there was 8.1 months of supply available in Perkasie and Sellersville, compared to 20.4 in April 2011. That is a decrease of 60% versus a year ago.

This month there were 100 homes newly listed for sale in Perkasie and Sellersville compared to 74 in April 2011, an increase of 35%. There were 32 current contracts pending sale this April compared to 21 a year ago. The number of current contracts is 52% higher than last April.

In April, the average sale price in Perkasie and Sellersville was 96.0% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 124, higher than the average last year, which was 92, an increase of 35%.




Focus On: Perkasie and Sellersville Housing Market			April 2012
Zip Code(s): 18960, 18944, 18962, 18911, 18927 and 18917
Units Sold 37	Active Inventory 299	Median Sale Price $238,000	Days On Market 124

Up Vs. Year Ago	Down -19% Vs. Year Ago	Up 3% Vs. Year Ago	Up 35% Vs. Year Ago

		Units Sold With relatively few transactions, there was an increase in total units sold in April, with 37 sold this month in Perkasie and Sellersville Real Estate. This month's total units sold was higher than at this time last year, an increase from April 2011.
Active Inventory Versus last year, the total number of homes available this month is lower by 69 units or 19%. The total number of active inventory this April was 299 compared to 368 in April 2011. This month's total of 299 is higher than the previous month's total supply of available inventory of 257, an increase of 16%.
		Median Sale Price Last April, the median sale price for Perkasie and Sellersville Homes was $232,000. This April, the median sale price was $238,000, an increase of 3% or $6,000 compared to last year. The current median sold price is 1% higher 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.



New Listings 100	Current Contracts 32	Sold Vs. List Price 96.0%	Months of Supply 8.1

Up 35% Vs. Year Ago	Up 52% Vs. Year Ago	No Change Vs. Year Ago	Down -60% Vs. Year Ago

		Months of Supply In April, there was 8.1 months of supply available in Perkasie and Sellersville, compared to 20.4 in April 2011. That is a decrease of 60% 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 100 homes newly listed for sale in Perkasie and Sellersville compared to 74 in April 2011, an increase of 35%. There were 32 current contracts pending sale this April compared to 21 a year ago. The number of current contracts is 52% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Perkasie and Sellersville was 96.0% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 124, higher than the average last year, which was 92, an increase of 35%.



Perkasie and Sellersville are defined as properties listed in zip code/s 18960, 18944, 18962, 18911, 18927 and 18917.
*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.