The Long & Foster Market Minute

Focus On: Edgewater Housing Market April 2019

Zip Code(s): 21037 and 21140
Units Sold
32
Active Inventory
157
Median Sale Price
$434,950
Days On Market
69
Down -3%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 3%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 32 sold this month in Edgewater Real Estate versus 43 last month, a decrease of 26%. This month's total units sold was lower than at this time last year, a decrease of 3% versus April 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 April was 157 compared to 162 in April 2018. This month's total of 157 is higher than the previous month's total supply of available inventory of 141, an increase of 11%.

Median Sale Price
Last April, the median sale price for Edgewater Homes was $405,000. This April, the median sale price was $434,950, an increase of 7% or $29,950 compared to last year. The current median sold price is 10% 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
89
Current Contracts
54
Sold Vs. List Price
98.1%
Months of Supply
4.9
Up 1%
Vs. Year Ago
Up 8%
Vs. Year Ago
Up 0.9%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In April, there was 4.9 months of supply available in Edgewater. The amount of supply is similar compared to 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 89 homes newly listed for sale in Edgewater compared to 88 in April 2018, an increase of 1%. There were 54 current contracts pending sale this April compared to 50 a year ago. The number of current contracts is 8% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Edgewater was 98.1% 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 69, higher than the average last year, which was 67, an increase of 3%.

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.