Crofton, Crownsville, and Gambrills Housing Market Data

There was a decrease in total units sold in May, with 80 sold this month in Crofton, Crownsville, and Gambrills Real Estate versus 83 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 9% versus May 2017.

Versus last year, the total number of homes available this month is higher by 18 units or 9%. The total number of active inventory this May was 210 compared to 192 in May 2017. This month's total of 210 is higher than the previous month's total supply of available inventory of 200, an increase of 5%.

Last May, the median sale price for Crofton, Crownsville, and Gambrills Homes was $374,000. This May, the median sale price was $364,000, a decrease of 3% or $10,000 compared to last year. The current median sold price is 5% lower than in April.

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

In May, there was 2.6 months of supply available in Crofton, Crownsville, and Gambrills, compared to 2.2 in May 2017. That is an increase of 20% 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 113 in May 2017, an increase of 6%. There were 83 current contracts pending sale this May compared to 118 a year ago. The number of current contracts is 30% lower than last May.

In May, the average sale price in Crofton, Crownsville, and Gambrills was 98.8% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 23, lower than the average last year, which was 41, a decrease of 44%.





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

Zip Code(s): 21114, 21032 and 21054
Units Sold 80	Active Inventory 210	Median Sale Price $364,000	Days On Market 23

Down -9% Vs. Year Ago	Up 9% Vs. Year Ago	Down -3% Vs. Year Ago	Down -44% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 80 sold this month in Crofton, Crownsville, and Gambrills Real Estate versus 83 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 9% versus May 2017.
Active Inventory Versus last year, the total number of homes available this month is higher by 18 units or 9%. The total number of active inventory this May was 210 compared to 192 in May 2017. This month's total of 210 is higher than the previous month's total supply of available inventory of 200, an increase of 5%.
		Median Sale Price Last May, the median sale price for Crofton, Crownsville, and Gambrills Homes was $374,000. This May, the median sale price was $364,000, a decrease of 3% or $10,000 compared to last year. The current median sold price is 5% lower than in April. 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 83	Sold Vs. List Price 98.8%	Months of Supply 2.6

Up 6% Vs. Year Ago	Down -30% Vs. Year Ago	No Change Vs. Year Ago	Up 21% Vs. Year Ago


		Months of Supply In May, there was 2.6 months of supply available in Crofton, Crownsville, and Gambrills, compared to 2.2 in May 2017. That is an increase of 20% 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 113 in May 2017, an increase of 6%. There were 83 current contracts pending sale this May compared to 118 a year ago. The number of current contracts is 30% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Crofton, Crownsville, and Gambrills was 98.8% 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 23, lower than the average last year, which was 41, a decrease of 44%.


	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 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.