A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 37 homes listed for sale in Wallingford PA and Nether Providence Township on June 16, 2020 with an average asking price of $442,733.

Mortgage applications continued an eight-week streak of gains as home buyers rush back into the housing market. Purchase applications, viewed as a gauge for future home sales, were up 5% last week compared to the previous week.

Despite the pandemic, applications for home purchases are now 13% higher than a year ago, the Mortgage Bankers Association reported Wednesday. “The recovery in the purchase market continues to gain steam, with the seasonally adjusted index rising to its highest level since January,” says Joel Kan, an economist with the Mortgage Bankers Association.

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Wallingford Market Snapshot – 37 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$442,733	$399,000	$125,000	$1,044,900	58

Single Home Market Snapshot – 28 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$500,900	$484,850	$275,000	$1,044,900	61

Townhouse Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$309,580	$319,000	$229,900	$389,000	47

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$137,250	$137,250	$125,000	$149,500	65

Twin Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$267,500	$267,500	$245,000	$290,000	38

*DOM = Days On Market

4 Wallingford PA homes went under contract 

No new listings came onto the market 

No listings were withdrawn from the market

No listings were temporarily taken off the market

3 listings expired

26 homes are Under Contract at this time

3 Wallingford PA home sold last week

Wallingford Homes Sold June 8, 2020 To June 14, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
39 Waterford Way	SNG	5	3.1	$520,000	06/10/20	5
419 Palmers Lane	SNG	4	2.2	$530,000	06/12/20	8
314 Marlyn Lane	SNG	4	3.1	$559,900	06/12/20	1
AVERAGE				$535,633		5

All homes sold with a Seller Assist:

– 39 Waterford Way – $500

– 419 Palmers Lane – $7,650

– 314 Marlyn Lane – $2,500

Wallingford PA Real Estate – Wallingford, PA 19086

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 36 homes listed for sale in Wallingford PA and Nether Providence Township on June 9, 2020 with an average asking price of $433,389.

The 30-year fixed-rate mortgage inched up after reaching an all-time low last week. However, mortgage rates continue to hover near the lowest averages ever recorded by mortgage financing giant Freddie Mac.

The 30-year fixed-rate mortgage averaged 3.18% this week, up slightly from last week’s all-time low of 3.15%.

“While the economy is slowly rebounding, all signs continue to point to a solid recovery in home sales activity heading into the summer as prospective buyers jump back into the market,” says Sam Khater, Freddie Mac’s chief economist. “While home buyer demand is up and has been broad-based across most geographies, supply has been slower to improve. In fact, the gap between supply and demand has widened even further than the large gap that existed prior to the pandemic.”

Freddie Mac reports the following national averages with mortgage rates for the week ending June 4:

• 30-year fixed-rate mortgages: averaged 3.18%, with an average 0.7 point, rising from last week’s 3.15% average. Last year at this time, 30-year rates averaged 3.82%.
• 15-year fixed-rate mortgages: averaged 2.62%, with an average 0.7 point, unchanged from last week. A year ago, 15-year rates averaged 3.28%.
• 5-year hybrid adjustable-rate mortgages: averaged 3.10%, with an average 0.4 point, falling from last week’s 3.13% average. A year ago, 5-year ARMs averaged 3.52%.

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Wallingford Market Snapshot – 36 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$433,389	$396,950	$125,000	$1,044,900	64

Single Home Market Snapshot – 26 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$504,412	$494,950	$275,000	$1,044,900	69

Townhouse Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$309,580	$319,000	$229,900	$389,000	45

Condo Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$134,800	$129,900	$125,000	$149,500	59

Twin Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$267,500	$267,500	$245,000	$290,000	62

*DOM = Days On Market

8 Wallingford PA homes went under contract 

5 new listings came onto the market 

0 listings were withdrawn from the market

1 listing was temporarily taken off the market

1 listing expired

25 homes are Under Contract at this time

1 Wallingford PA home sold last week

Wallingford Homes Sold June 1 2020 To June 7, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
310 w Brookhaven Road	SNG	3	1.1	$325,000	06/05/20	3
AVERAGE				$325,000		3

Wallingford PA Real Estate – Wallingford, PA 19086

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 34 homes listed for sale in Wallingford PA and Nether Providence Township on May 26, 2020 with an average asking price of $433,129.

Homeowners trying to sell during the pandemic will likely need some patience and a degree of expectation that the process could take longer. Homes are taking about an average of 15 days more to sell – or about 27% longer – than a year ago, according to Realtor.com®’s data reflecting the week ending May 16. This marks the largest increase in the number of days that homes have spent on the market since 2013.

Days on the market have been gradually increasing since the pandemic began. During the first two weeks of March, prior to the outbreak’s growth in the U.S., homes were selling four days faster than a year ago.

“Mid-May is normally the time of year when homes sell the fastest,” says Danielle Hale, realtor.com®’s chief economist. “Today’s median time on the market is more like what we usually see in late February or November.”

But stay-at-home orders and unemployment have prompted a slowdown in the market. The National Association of REALTORS® reported on Thursday that existing-home sales dropped 17.8% in April compared to March. Many economists view the sales slump as temporary, particularly given the sudden uptick in mortgage applications for home purchases.

But, while days on the market have increased, consumers shouldn’t assume it’s a buyer’s market now, housing analysts say. Home prices are staying firm. NAR reports that existing-home prices for all housing types jumped 7.4% in April compared to a year ago.

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Wallingford Market Snapshot – 34 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$433,129	$396,450	$125,000	$1,044,900	61

Single Home Market Snapshot – 23 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$518,439	$535,000	$223,000	$1,044,900	70

Townhouse Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$309,580	$319,000	$229,900	$389,000	34

Condo Market Snapshot – 3 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$134,800	$129,900	$125,000	$149,500	49

Twin Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$283,333	$290,000	$245,000	$315,000	46

*DOM = Days On Market

5 Wallingford PA home went under contract 

3 new listings came onto the market 

0 listings were withdrawn from the market

2 listings were temporarily taken off the market

0 listings expired

21 homes are Under Contract at this time

No Wallingford PA homes sold last week

Wallingford Homes Sold May 18, 2020 To May 24, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
– No Homes Sold –	–	–	–	–	–	–
AVERAGE				–		–

Wallingford PA Real Estate – Wallingford, PA 19086

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 29 homes listed for sale in Wallingford PA and Nether Providence Township on May 19, 2020 with an average asking price of $445,344.

Americans are resuming their house hunting online after taking a pause during the initial stages of the COVID-19 outbreak. One way to track potential buyer interest: internet searches.

LendingTree’s team analyzed Google search data to see how popular the search term “homes for sale” is in 50 of the nation’s largest metros. Overall, searches for the term “homes for sale” have risen in every metro tracked, compared to their 2020 lows at the onset of the coronavirus outbreak in the U.S..

By the end of April, the number of property searches had rebounded by 54%

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Wallingford Market Snapshot – 29 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$445,344	$409,000	$125,000	$1,044,900	68

Single Home Market Snapshot – 21 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$518,871	$535,000	$223,000	$1,044,900	76

Townhouse Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$297,967	$275,000	$229,900	$389,000	42

Condo Market Snapshot – 2 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$137,250	$137,250	$125,000	$149,500	64

Twin Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$283,333	$290,000	$245,000	$315,000	29

*DOM = Days On Market

3 Wallingford PA home went under contract 

1 new listing came onto the market 

0 listings were withdrawn from the market

0 listings were temporarily taken off the market

0 listings expired

16 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold May 11, 2020 To May 17, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
402 Golfview Road	SNG	4	2.0	$525,000	05/11/20	6
15 Waterville Road	SNG	4	3.1	$380,000	05/14/20	2
120 Beech Road	SNG	3	1.0	$240,000	05/15/20	10
AVERAGE				$381,667		6

120 Beech Road sold with a  $1,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086