The Long & Foster Market Minute

Focus On: Edgewater Housing Market June 2019

Zip Code(s): 21037 and 21140
Units Sold
54
Active Inventory
185
Median Sale Price
$440,000
Days On Market
55
Up 8%
Vs. Year Ago
Down -3%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 2%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 54 sold this month in Edgewater Real Estate versus 53 last month, an increase of 2%. This month's total units sold was higher than at this time last year, an increase of 8% versus June 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 5 units or 3%. The total number of active inventory this June was 185 compared to 190 in June 2018. This month's total of 185 is lower than the previous month's total supply of available inventory of 203, a decrease of 9%.

Median Sale Price
Last June, the median sale price for Edgewater Homes was $445,250. This June, the median sale price was $440,000, a decrease of 1% or $5,250 compared to last year. The current median sold price is 2% higher than in May.

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


New Listings
64
Current Contracts
57
Sold Vs. List Price
98.2%
Months of Supply
3.4
Down -18%
Vs. Year Ago
Up 21%
Vs. Year Ago
No Change
Vs. Year Ago
Down -10%
Vs. Year Ago

Months of Supply
In June, there was 3.4 months of supply available in Edgewater, compared to 3.8 in June 2018. That is a decrease of 10% 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 64 homes newly listed for sale in Edgewater compared to 78 in June 2018, a decrease of 18%. There were 57 current contracts pending sale this June compared to 47 a year ago. The number of current contracts is 21% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Edgewater was 98.2% 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 55, higher than the average last year, which was 54, an increase of 2%.

The Long & Foster Market Minute Edgewater are defined as properties listed in zip code/s 21037 and 21140.
*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.