The Long & Foster Market Minute

Focus On: Crofton, Crownsville, and Gambrills Housing Market August 2018

Zip Code(s): 21114, 21032 and 21054
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 8%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -6%
Vs. Year Ago
Down -14%
Vs. Year Ago

Units Sold
There was an increase in total units sold in August, with 83 sold this month in Crofton, Crownsville, and Gambrills Real Estate versus 74 last month, an increase of 12%. This month's total units sold was higher than at this time last year, an increase of 8% versus August 2017.

Active Inventory
Versus last year, the total number of homes available this month is higher by 31 units or 14%. The total number of active inventory this August was 247 compared to 216 in August 2017. This month's total of 247 is lower than the previous month's total supply of available inventory of 249, a decrease of 1%.

Median Sale Price
Last August, the median sale price for Crofton, Crownsville, and Gambrills Homes was $389,000. This August, the median sale price was $365,000, a decrease of 6% or $24,000 compared to last year. The current median sold price is 3% 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
Current Contracts
Sold Vs. List Price
Months of Supply
Down -8%
Vs. Year Ago
Down -11%
Vs. Year Ago
No Change
Vs. Year Ago
Up 6%
Vs. Year Ago

Months of Supply
In August, there was 3.0 months of supply available in Crofton, Crownsville, and Gambrills, compared to 2.8 in August 2017. That is an increase of 6% 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 86 homes newly listed for sale in Crofton, Crownsville, and Gambrills compared to 93 in August 2017, a decrease of 8%. There were 66 current contracts pending sale this August compared to 74 a year ago. The number of current contracts is 11% lower than last August.

Sale Price to List Price Ratio
In August, the average sale price in Crofton, Crownsville, and Gambrills was 98.4% 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 43, lower than the average last year, which was 50, a decrease of 14%.

The Long & Foster Market Minute 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.
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.