EDGEWATER HOUSING MARKET DATA

With relatively few transactions, there was a decrease in total units sold in January, with 22 sold this month in Edgewater Real Estate. This month's total units sold was higher than at this time last year, an increase from January 2024.

Versus last year, the total number of homes available this month is lower by 2 units or 6%. The total number of active inventory this January was 34 compared to 36 in January 2024. This month's total of 34 is lower than the previous month's total supply of available inventory of 45, a decrease of 24%.

Last January, the median sale price for Edgewater Homes was $593,000. This January, the median sale price was $528,500, a decrease of 11% or $64,500 compared to last year. The current median sold price is 3% higher than in December.

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

In January, there was 1.5 months of supply available in Edgewater, compared to 2.6 in January 2024. That is a decrease of 40% 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 15 homes newly listed for sale in Edgewater compared to 21 in January 2024, a decrease of 29%. There were 20 current contracts pending sale this January compared to 15 a year ago. The number of current contracts is 33% higher than last January.

In January, the average sale price in Edgewater was 99.0% of the average list price, which is 1.1% lower than at this time last year.

This month, the average number of days on market was 28, lower than the average last year, which was 31, a decrease of 10%.





FOCUS ON: EDGEWATER HOUSING MARKET			JANUARY 2025

Zip Code(s): 21037 and 21140
Units Sold 22	Active Inventory 34	Median Sale Price $528,500	Days On Market 28

Up Vs. Year Ago	Down -6% Vs. Year Ago	Down -11% Vs. Year Ago	Down -10% Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in January, with 22 sold this month in Edgewater Real Estate. This month's total units sold was higher than at this time last year, an increase from January 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 2 units or 6%. The total number of active inventory this January was 34 compared to 36 in January 2024. This month's total of 34 is lower than the previous month's total supply of available inventory of 45, a decrease of 24%.
		Median Sale Price Last January, the median sale price for Edgewater Homes was $593,000. This January, the median sale price was $528,500, a decrease of 11% or $64,500 compared to last year. The current median sold price is 3% higher than in December. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 15	Current Contracts 20	Sold Vs. List Price 99.0%	Months of Supply 1.5

Down -29% Vs. Year Ago	Up 33% Vs. Year Ago	Down -1% Vs. Year Ago	Down -40% Vs. Year Ago


		Months of Supply In January, there was 1.5 months of supply available in Edgewater, compared to 2.6 in January 2024. That is a decrease of 40% 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 15 homes newly listed for sale in Edgewater compared to 21 in January 2024, a decrease of 29%. There were 20 current contracts pending sale this January compared to 15 a year ago. The number of current contracts is 33% higher than last January.
		Sale Price to List Price Ratio In January, the average sale price in Edgewater was 99.0% of the average list price, which is 1.1% lower than at this time last year. Days on Market This month, the average number of days on market was 28, lower than the average last year, which was 31, a decrease of 10%.


	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.
	Information 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.