The Long & Foster Market Minute

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

Zip Code(s): 21114, 21032 and 21054
Units Sold
77
Active Inventory
108
Median Sale Price
$435,000
Days On Market
59
Up 26%
Vs. Year Ago
Down -56%
Vs. Year Ago
Up 24%
Vs. Year Ago
Down -3%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 77 sold this month in Crofton, Crownsville, and Gambrills Real Estate versus 78 last month, a decrease of 1%. This month's total units sold was higher than at this time last year, an increase of 26% versus December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 138 units or 56%. The total number of active inventory this December was 108 compared to 246 in December 2018. This month's total of 108 is lower than the previous month's total supply of available inventory of 211, a decrease of 49%.

Median Sale Price
Last December, the median sale price for Crofton, Crownsville, and Gambrills Homes was $349,900. This December, the median sale price was $435,000, an increase of 24% or $85,100 compared to last year. The current median sold price is 19% higher than in November.

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


New Listings
24
Current Contracts
49
Sold Vs. List Price
97.4%
Months of Supply
1.4
Down -35%
Vs. Year Ago
Up 23%
Vs. Year Ago
Down -1.4%
Vs. Year Ago
Down -65%
Vs. Year Ago

Months of Supply
In December, there was 1.4 months of supply available in Crofton, Crownsville, and Gambrills, compared to 4.0 in December 2018. That is a decrease of 65% 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 24 homes newly listed for sale in Crofton, Crownsville, and Gambrills compared to 37 in December 2018, a decrease of 35%. There were 49 current contracts pending sale this December compared to 40 a year ago. The number of current contracts is 23% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Crofton, Crownsville, and Gambrills was 97.4% of the average list price, which is 1.4% lower than at this time last year.

Days on Market
This month, the average number of days on market was 59, lower than the average last year, which was 61, a decrease of 3%.

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.