The Long & Foster Market Minute

Focus On: Aberdeen, Belcamp, and Havre De Grace Housing Market August 2018

Zip Code(s): 21001, 21017, 21078, 21028 and 21130
Units Sold
95
Active Inventory
217
Median Sale Price
$235,000
Days On Market
39
Up 16%
Vs. Year Ago
Down -23%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -51%
Vs. Year Ago

Units Sold
There was an increase in total units sold in August, with 95 sold this month in Aberdeen, Belcamp, and Havre De Grace Real Estate versus 94 last month, an increase of 1%. This month's total units sold was higher than at this time last year, an increase of 16% versus August 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 65 units or 23%. The total number of active inventory this August was 217 compared to 282 in August 2017. This month's total of 217 is lower than the previous month's total supply of available inventory of 230, a decrease of 6%.

Median Sale Price
Last August, the median sale price for Aberdeen, Belcamp, and Havre De Grace Homes was $210,750. This August, the median sale price was $235,000, an increase of 12% or $24,250 compared to last year. The current median sold price is 10% higher than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
106
Current Contracts
73
Sold Vs. List Price
98.1%
Months of Supply
2.3
Up 12%
Vs. Year Ago
Down -9%
Vs. Year Ago
No Change
Vs. Year Ago
Down -34%
Vs. Year Ago

Months of Supply
In August, there was 2.3 months of supply available in Aberdeen, Belcamp, and Havre De Grace, compared to 3.4 in August 2017. That is a decrease of 34% 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 106 homes newly listed for sale in Aberdeen, Belcamp, and Havre De Grace compared to 95 in August 2017, an increase of 12%. There were 73 current contracts pending sale this August compared to 80 a year ago. The number of current contracts is 9% lower than last August.

Sale Price to List Price Ratio
In August, the average sale price in Aberdeen, Belcamp, and Havre De Grace was 98.1% 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 39, lower than the average last year, which was 79, a decrease of 51%.

The Long & Foster Market Minute Aberdeen, Belcamp, and Havre De Grace are defined as properties listed in zip code/s 21001, 21017, 21078, 21028 and 21130.
*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.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by MRIS 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 MRIS or Long & Foster Real Estate, Inc.