The Long & Foster Market Minute

Focus On: Edgewater Housing Market December 2019

Zip Code(s): 21037 and 21140
Units Sold
37
Active Inventory
107
Median Sale Price
$425,000
Days On Market
64
Up 32%
Vs. Year Ago
Down -30%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -30%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 37 sold this month in Edgewater Real Estate versus 30 last month, an increase of 23%. This month's total units sold was higher than at this time last year, an increase of 32% versus December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 45 units or 30%. The total number of active inventory this December was 107 compared to 152 in December 2018. This month's total of 107 is lower than the previous month's total supply of available inventory of 184, a decrease of 42%.

Median Sale Price
Last December, the median sale price for Edgewater Homes was $406,990. This December, the median sale price was $425,000, an increase of 4% or $18,010 compared to last year. The current median sold price is 2% 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
23
Current Contracts
36
Sold Vs. List Price
98.2%
Months of Supply
2.9
Up 15%
Vs. Year Ago
Up 44%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -47%
Vs. Year Ago

Months of Supply
In December, there was 2.9 months of supply available in Edgewater, compared to 5.4 in December 2018. That is a decrease of 47% 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 23 homes newly listed for sale in Edgewater compared to 20 in December 2018, an increase of 15%. There were 36 current contracts pending sale this December compared to 25 a year ago. The number of current contracts is 44% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Edgewater was 98.2% 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 64, lower than the average last year, which was 91, a decrease of 30%.

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.