The Long & Foster Market Minute

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

Zip Code(s): 21114, 21032 and 21054
Units Sold
77
Active Inventory
225
Median Sale Price
$357,500
Days On Market
59
Down -7%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -7%
Vs. Year Ago
Up 48%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 77 sold this month in Crofton, Crownsville, and Gambrills Real Estate versus 69 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 7% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 27 units or 14%. The total number of active inventory this April was 225 compared to 198 in April 2018. This month's total of 225 is higher than the previous month's total supply of available inventory of 218, an increase of 3%.

Median Sale Price
Last April, the median sale price for Crofton, Crownsville, and Gambrills Homes was $384,900. This April, the median sale price was $357,500, a decrease of 7% or $27,400 compared to last year. The current median sold price is 7% higher than in March.

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


New Listings
139
Current Contracts
110
Sold Vs. List Price
99.6%
Months of Supply
2.9
Up 14%
Vs. Year Ago
Up 12%
Vs. Year Ago
Up 0.9%
Vs. Year Ago
Up 22%
Vs. Year Ago

Months of Supply
In April, there was 2.9 months of supply available in Crofton, Crownsville, and Gambrills, compared to 2.4 in April 2018. That is an increase of 22% 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 139 homes newly listed for sale in Crofton, Crownsville, and Gambrills compared to 122 in April 2018, an increase of 14%. There were 110 current contracts pending sale this April compared to 98 a year ago. The number of current contracts is 12% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Crofton, Crownsville, and Gambrills was 99.6% of the average list price, which is 0.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 59, higher than the average last year, which was 40, an increase of 48%.

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 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.