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Home LANSDALE REAL ESTATE MARKET UPDATE - DECEMBER

LANSDALE REAL ESTATE MARKET UPDATE - DECEMBER

Units Sold - with relatively few transactions, there was an increase in total units sold in December, with 31 sold this month in Lansdale. This month's total units sold was lower than at this time last year, a decrease from December 2010.
Active Inventory - The total number of homes available this month is 264 units, which is similar compared to a year ago. This month's total of 264 is lower than the previous month's total supply of available inventory of 298, a decrease of 11%. Decrease could be attributed to seller's removing their properties from the market for the holidays.
Median Sale Price - Last December, the median sale price for Lansdale homes was $244,250. This December, the median sale price was $240,000, a decrease of 2% or $4250 compared to last year. The current median sold price is 6% lower than in November.
Units Sold
31		 Active Inventory
264		 Median Sale Price
$240,000		 Days On Market
86
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down
Vs. Year Ago		 No Change
Vs. Year Ago		 Down -2%
Vs. Year Ago		 No Change
Vs. Year Ago
Months of Supply - In December, there was 8.5 months of supply available in Lansdale, compared to 4.9 in December 2010. That is an increase of 75% versus a year ago.
New Listings & Current Contracts - This month there were 32 homes newly listed for sale in Lansdale compared to 22 in December 2010, an increase of 45%. There were 24 current contracts pending sale this December compared to 33 a year ago. The number of current contracts is 27% lower than last December.
Sale Price to List Price Ratio - In December, the average sale price in Lansdale was 97.6% of the average list price, which is 1.9% higher than at this time last year.
Days on Market - This month, the average number of days on market was 86, which is similar compared to a year ago.
New Listings
32		 Current Contracts
24		 Sold Vs. List Price
97.6%		 Months of Supply
8.5
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 45%
Vs. Year Ago		 Down -27%
Vs. Year Ago		 Up 2%
Vs. Year Ago		 Up 75%
Vs. Year Ago
Posted Tuesday Jan 31