The Long & Foster Market Minute

Focus On: Edgewater Housing Market May 2020

Zip Code(s): 21037 and 21140
Units Sold
27
Active Inventory
107
Median Sale Price
$425,000
Days On Market
46
Down
Vs. Year Ago
Down -48%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 15%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in May, with 27 sold this month in Edgewater Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 99 units or 48%. The total number of active inventory this May was 107 compared to 206 in May 2019. This month's total of 107 is lower than the previous month's total supply of available inventory of 131, a decrease of 18%.

Median Sale Price
Last May, the median sale price for Edgewater Homes was $430,000. This May, the median sale price was $425,000, a decrease of 1% or $5,000 compared to last year. The current median sold price is 9% higher than in April.

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


New Listings
56
Current Contracts
66
Sold Vs. List Price
98.7%
Months of Supply
4.0
Down -41%
Vs. Year Ago
Up 53%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In May, there was 4.0 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 56 homes newly listed for sale in Edgewater compared to 95 in May 2019, a decrease of 41%. There were 66 current contracts pending sale this May compared to 43 a year ago. The number of current contracts is 53% higher than last May.

Sale Price to List Price Ratio
In May, the average sale price in Edgewater was 98.7% 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 46, higher than the average last year, which was 40, an increase of 15%.

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.