Crofton, Crownsville, and Gambrills Housing Market Data

There was a decrease in total units sold in July, with 83 sold this month in Crofton, Crownsville, and Gambrills Real Estate versus 106 last month, a decrease of 22%. This month's total units sold was higher than at this time last year, an increase of 11% versus July 2018.

Versus last year, the total number of homes available this month is higher by 4 units or 2%. The total number of active inventory this July was 249 compared to 245 in July 2018. This month's total of 249 is lower than the previous month's total supply of available inventory of 259, a decrease of 4%.

Last July, the median sale price for Crofton, Crownsville, and Gambrills Homes was $360,000. This July, the median sale price was $389,000, an increase of 8% or $29,000 compared to last year. The current median sold price is 2% lower than in June.

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

In July, there was 3.0 months of supply available in Crofton, Crownsville, and Gambrills, compared to 3.3 in July 2018. That is a decrease of 8% 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.

This month there were 120 homes newly listed for sale in Crofton, Crownsville, and Gambrills compared to 101 in July 2018, an increase of 19%. There were 101 current contracts pending sale this July compared to 76 a year ago. The number of current contracts is 33% higher than last July.

In July, the average sale price in Crofton, Crownsville, and Gambrills was 99.0% of the average list price, which is 0.5% higher than at this time last year.

This month, the average number of days on market was 44, lower than the average last year, which was 45, a decrease of 2%.





Focus On: Crofton, Crownsville, and Gambrills Housing Market			July 2019

Zip Code(s): 21114, 21032 and 21054
Units Sold 83	Active Inventory 249	Median Sale Price $389,000	Days On Market 44

Up 11% Vs. Year Ago	Up 2% Vs. Year Ago	Up 8% Vs. Year Ago	Down -2% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 83 sold this month in Crofton, Crownsville, and Gambrills Real Estate versus 106 last month, a decrease of 22%. This month's total units sold was higher than at this time last year, an increase of 11% versus July 2018.
Active Inventory Versus last year, the total number of homes available this month is higher by 4 units or 2%. The total number of active inventory this July was 249 compared to 245 in July 2018. This month's total of 249 is lower than the previous month's total supply of available inventory of 259, a decrease of 4%.
		Median Sale Price Last July, the median sale price for Crofton, Crownsville, and Gambrills Homes was $360,000. This July, the median sale price was $389,000, an increase of 8% or $29,000 compared to last year. The current median sold price is 2% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 120	Current Contracts 101	Sold Vs. List Price 99.0%	Months of Supply 3.0

Up 19% Vs. Year Ago	Up 33% Vs. Year Ago	Up 0.5% Vs. Year Ago	Down -8% Vs. Year Ago


		Months of Supply In July, there was 3.0 months of supply available in Crofton, Crownsville, and Gambrills, compared to 3.3 in July 2018. That is a decrease of 8% 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 120 homes newly listed for sale in Crofton, Crownsville, and Gambrills compared to 101 in July 2018, an increase of 19%. There were 101 current contracts pending sale this July compared to 76 a year ago. The number of current contracts is 33% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Crofton, Crownsville, and Gambrills was 99.0% of the average list price, which is 0.5% higher than at this time last year. Days on Market This month, the average number of days on market was 44, lower than the average last year, which was 45, a decrease of 2%.


	Crofton, Crownsville, and Gambrills are defined as properties listed in zip code/s 21114, 21032 and 21054.
	*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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.