Quakertown Housing Market Data

There was a decrease in total units sold in April, with 23 sold this month in Quakertown Real Estate versus 30 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 12% versus April 2011.

Versus last year, the total number of homes available this month is lower by 15 units or 5%. The total number of active inventory this April was 266 compared to 281 in April 2011. This month's total of 266 is higher than the previous month's total supply of available inventory of 248, an increase of 7%.

Due to the relatively small number of units sold, the median sale price showed significant change this month. Last April, the median sale price for Quakertown Homes was $234,500. This April, the median sale price was $175,500, a decrease of $59,000 compared to last year. The current median sold price is lower than in March.

In April, there was 11.6 months of supply available in Quakertown, compared to 10.8 in April 2011. That is an increase of 7% versus a year ago.

This month there were 61 homes newly listed for sale in Quakertown compared to 64 in April 2011, a decrease of 5%. There were 24 current contracts pending sale this April compared to 28 a year ago. The number of current contracts is 14% lower than last April.

In April, the average sale price in Quakertown was 97.3% of the average list price, which is 1.2% higher than at this time last year.

This month, the average number of days on market was 95, lower than the average last year, which was 139, a decrease of 32%.




Focus On: Quakertown Housing Market			April 2012
Zip Code(s): 18951, 18955 and 18970
Units Sold 23	Active Inventory 266	Median Sale Price $175,500	Days On Market 95

Down -12% Vs. Year Ago	Down -5% Vs. Year Ago	Down Vs. Year Ago	Down -32% Vs. Year Ago

		Units Sold There was a decrease in total units sold in April, with 23 sold this month in Quakertown Real Estate versus 30 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 12% versus April 2011.
Active Inventory Versus last year, the total number of homes available this month is lower by 15 units or 5%. The total number of active inventory this April was 266 compared to 281 in April 2011. This month's total of 266 is higher than the previous month's total supply of available inventory of 248, an increase of 7%.
		Median Sale Price Due to the relatively small number of units sold, the median sale price showed significant change this month. Last April, the median sale price for Quakertown Homes was $234,500. This April, the median sale price was $175,500, a decrease of $59,000 compared to last year. The current median sold price is 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.



New Listings 61	Current Contracts 24	Sold Vs. List Price 97.3%	Months of Supply 11.6

Down -5% Vs. Year Ago	Down -14% Vs. Year Ago	Up 1.2% Vs. Year Ago	Up 7% Vs. Year Ago

		Months of Supply In April, there was 11.6 months of supply available in Quakertown, compared to 10.8 in April 2011. That is an increase of 7% 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 61 homes newly listed for sale in Quakertown compared to 64 in April 2011, a decrease of 5%. There were 24 current contracts pending sale this April compared to 28 a year ago. The number of current contracts is 14% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Quakertown was 97.3% of the average list price, which is 1.2% higher than at this time last year. Days on Market This month, the average number of days on market was 95, lower than the average last year, which was 139, a decrease of 32%.



Quakertown are defined as properties listed in zip code/s 18951, 18955 and 18970.
*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.