Philadelphia Metropolitan Area Market Conditions

1. The Long & Foster ® Market Conditions Report
Philadelphia Metropolitan Area - September 2013
Median Sales Price
Median Sale Price
$300,000
Of Top Five Counties/Cities Based on Total Units Sold
$210,000
$285,000
$265,000
$254,400
$190,000
$200,000
$100,000
$247,500
$300,000
$149,000
$134,900
$400,000
$282,500
Current Month
$500,000
$215,000
$230,000
$238,000
$239,000
$220,000
$206,000
$206,000
$185,000
$190,000
$206,811
$210,000
$210,000
$203,000
$223,000
$227,215
$230,000
$217,000
$203,000
$193,000
$183,750
$197,000
$195,000
$199,900
$200,000
$150,000
$208,000
$200,000
One Year Ago
$270,000
$250,000
$100,000
$0
$50,000
Philadelphia Montgomery
County
County
Bucks
County
Chester
County
Delaware
County
$0
Median Sale Price
3%
2%
1%
1%
5%
7%
1%
2%
1%
0%
2%
1%
3%
4%
4%
6%
6%
5%
8%
4%
● This September, the median sale price
was $215,000, an increase of 2%
compared to last year.
Percent Change Year/Year
3%
Highlights
0%
-10%
-5%
-4%
-2%
-5%
-8%
-8%
-5%
-4%
-6%
-2%
-2%
-6%
● The current median sale price was 7%
lower than in August.
30

2. The Long & Foster ® Market Conditions Report
Philadelphia Metropolitan Area - September 2013
Total Units Sold
7,000
Total Units Sold
Of Top Five Counties/Cities Based on Total Units
Sold
459
394
495
467
500
555
459
642
934
845
4,131
1,000
Current Month
731
5,297
5,154
4,331
3,637
One Year Ago
1,500
2,750
2,882
3,570
4,034
3,489
4,705
3,707
3,590
3,365
2,441
3,189
3,026
2,983
2,498
2,000
3,309
3,000
4,245
4,000
4,292
4,857
5,000
5,579
5,767
6,000
0
Philadelphia Montgomery
County
County
1,000
Bucks
County
Chester
County
Delaware
County
0
Total Units Sold
Highlights
Percent Change Year/Year
30%
11%
8%
13%
19%
21%
21%
13%
12%
15%
17%
12%
14%
14%
12%
13%
17%
19%
9%
11%
6%
10%
12%
20%
6%
● There was a decrease of 22% in total
units sold in September compared to
August.
30%
8%
● This month's total units sold was
higher than at this time last year, an
increase of 11% versus September 2012.
33%
40%
0%
31

3. The Long & Foster ® Market Conditions Report
Philadelphia Metropolitan Area - September 2013
Total Units Sold by Type
Total Units Sold by Type
Detached
Attached
Current Month
Condo
7,000
Detached
Attached
Condo
6,000
270
6%
5,000
4,000
3,000
1,603
39%
2,000
2,258
55%
1,000
0
Total Units Sold by Price Range
< 150K
3,000
150K to < 300K
300K to < 450K
450K to < 600K
Total Units Sold by Price Range
Current Month
600K and up
< 150K
450K to < 600K
150K to < 300K
600K and up
300K to < 450K
2,500
194
261 5%
6%
2,000
1,500
765
18%
1,181
29%
1,000
500
0
1,730
42%
32

4. The Long & Foster ® Market Conditions Report
Philadelphia Metropolitan Area - September 2013
Total Active Inventory
45,000
Total Active Inventory
Of Top Five Counties/Cities Based on Total Units Sold
3,678
3,313
3,345
2,936
3,773
4,000
20,000
Current Month
3,337
4,679
6,000
4,438
8,548
8,000
7,309
30,339
29,965
30,922
31,162
31,481
30,744
29,328
28,729
28,146
27,650
10,000
31,425
25,000
33,047
34,150
34,369
35,103
35,693
36,275
35,776
34,631
33,366
32,510
31,944
One Year Ago
35,913
30,000
37,704
35,000
38,901
40,000
2,000
0
15,000
Philadelphia Montgomery
County
County
10,000
Bucks
County
Chester
County
Delaware
County
5,000
0
Highlights
0%
-11%
-12%
-13%
-13%
-13%
-14%
-15%
-13%
-14%
-13%
-12%
-12%
-12%
-13%
-14%
-11%
-9%
-6%
-7%
-7%
-13%
-15%
-8%
-10%
-6%
-5%
-7%
● Versus September 2012, the total
number of homes available was lower
by 3,811 units or 11%.
Percent Change Year/Year
-5%
● This month's supply of available
inventory remained relatively stable
compared to last month.
Total Active Inventory
-20%
-25%
33

5. The Long & Foster ® Market Conditions Report
Philadelphia Metropolitan Area - September 2013
Total Active Inventory by Type
Detached
Attached
Total Active Inventory
by Type
Condo
Current Month
45,000
Detached
Attached
Condo
40,000
35,000
1,769
6%
30,000
25,000
20,000
11,981
39%
15,000
16,589
55%
10,000
5,000
0
Total Active Inventory by Price Range
< 150K
45,000
150K to < 300K
300K to < 450K
450K to < 600K
600K and up
Total Active Inventory by
Price Range
Current Month
< 150K
450K to < 600K
150K to < 300K
600K and up
300K to < 450K
40,000
35,000
30,000
25,000
20,000
15,000
2,897
10%
1,868
6%
4,211
14%
10,036
33%
10,000
5,000
0
11,327
37%
34

6. The Long & Foster ® Market Conditions Report
Philadelphia Metropolitan Area - September 2013
Sale Price as % of List Price
Average Sale Price as a Percent of List Price
97.5%
Of Top Five Counties/Cities Based on Total Units
Sold
93.0%
94.1%
Philadelphia Montgomery
County
County
Days on Market
Current One Year
Month
Ago
92.0%
78
114
100
90
104
98
105
108
100%
107
92
87
94 94 94
96.0%
95.0%
97.0%
96.4%
Up 1.0% Vs. Year Ago
< 150K
150K to < 300K
300K to < 450K
450K to < 600K
600K and up
94%
92%
78
80
71 70
60
95.5%
96%
92
81
70
96.5%
98%
102 101 101
92
90 91
Delaware
County
by Price Range
112
97
Chester
County
Average Sale Price as a Percent of List Price
Days on Market
120
Bucks
County
Avg Sale Price as % of List Price
Current
One Year
Month
Ago
Down -15% Vs. Year
Ago
110
97.4%
92.0%
92.5%
107
Current Month
95.4%
96.6%
95.8%
94.7%
96.0%
95.5%
96.5%
96.7%
96.5%
96.4%
96.1%
100.0%
98.0%
95.1%
95.4%
95.3%
95.4%
95.4%
95.5%
95.7%
95.7%
One Year Ago
94.0%
93.7%
93.5%
95.2%
95.1%
94.7%
94.3%
94.0%
94.3%
94.5%
94.7%
95.0%
95.3%
95.5%
95.6%
96.0%
96.1%
96.5%
96.8%
97.0%
74
90%
88%
86%
84%
35

7. The Long & Foster ® Market Conditions Report
Philadelphia Metropolitan Area - September 2013
Total Dollar Volume Sold
In Thousands
Highlights
$200,000
● Total volume sold this September was
14% greater than the same month one
year ago.
$1,078,157
$1,453,170
$1,384,505
$1,077,514
$893,979
$620,916
$674,998
$906,351
$1,002,262
$860,168
$944,140
$1,272,478
$1,164,037
$885,309
$785,807
$544,945
$603,589
$758,191
$400,000
$729,329
$600,000
$717,149
$800,000
$808,601
$1,000,000
$1,094,532
$1,200,000
$1,332,382
$1,400,000
$1,579,399
$1,600,000
$1,677,981
$1,800,000
● In September, there was 7.3 months of
supply available, compared to 9.2 in
September 2012. That was a decrease
of 20% versus a year ago.
$0
Months of Supply
Total Dollar Volume Sold
Current
One Year
Month
Ago
Current Month's Active Inventory/Current Month's Unit Sales
16
2
5.7
5.5
6.1
7.1
7.3
8.1
9.8
7.8
9.5
7.8
7.3
8.2
9.2
10.0
10.3
10.5
5.4
4
7.4
6
$944,139,680
Up 14% Vs. Year Ago
8.6
8
$1,078,156,634
13.7
13.0
10.0
11.9
10
11.8
12
12.6
14
Months of Supply
Current
One Year
Month
Ago
7.3
9.2
Down -20% Vs. Year Ago
0
36

8. The Long & Foster ® Market Conditions Report
Philadelphia Metropolitan Area - September 2013
New Listings
New Listings & New Contracts
Bucks
County
Chester
County
833
754
776
682
881
Current Month
758
1,201
1,098
Philadelphia Montgomery
County
County
7,297
6,996
7,696
7,793
9,154
9,855
8,695
7,009
7,185
One Year Ago
Delaware
County
New Contracts
Current Month
398
321
436
334
442
500
452
563
607
1,000
780
1,500
3,236
4,377
One Year Ago
4,679
4,844
5,488
5,804
5,302
4,023
3,708
3,467
Of Top Five Counties/Cities Based on Total Units Sold
2,789
3,057
4,028
3,521
4,029
4,055
4,180
4,445
4,424
3,806
4,586
4,756
6,407
6,748
6,853
6,919
7,391
8,081
7,467
6,894
3,039
2,893
3,225
2,000
2,953
4,000
2,451
3,704
6,000
5,081
6,363
6,697
8,000
8,506
9,116
12,000
10,000
1,810
2,000
1,500
1,000
500
0
1,895
Of Top Five Counties/Cities Based on Total Units Sold
New Contracts (Under Active Contract Status)
788
New Listings
0
0
Philadelphia Montgomery
County
County
New Listings
Current One Year
Month
Ago
7,297
6,748
Up 8% Vs. Year Ago
New Contracts
Current One Year
Month
Ago
3,236
Highlights
● Based on this month's amount of new
listings and new contracts, the ratio of
home supply (new listings) to current
home demand (new contracts) was 2.3,
an increase of 18% from September
2012.
Bucks
County
Chester
County
Delaware
County
Supply/Demand Ratio
Number of New Listings to New Contracts
2.5
2.0
1.5
2.3
2.3
2.3
2.0 2.0 1.9
2.0
1.8
1.5
1.8 1.8
1.9
1.9
1.7 1.7
1.7
1.6 1.6
1.6 1.7 1.7 1.6 1.6 1.6
1.2
1.0
3,521
Down -8% Vs. Year
Ago
0.5
0.0
37