Crofton, Crownsville, and Gambrills Housing Market Data

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.

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%.

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.

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.

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.

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.

This month, the average number of days on market was 43, lower than the average last year, which was 50, a decrease of 14%.





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

Zip Code(s): 21114, 21032 and 21054
Units Sold 83	Active Inventory 247	Median Sale Price $365,000	Days On Market 43

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 86	Current Contracts 66	Sold Vs. List Price 98.4%	Months of Supply 3.0

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%.


	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.