The Long & Foster Market Minute

Focus On: Forest Hill, Jarrettsville, and Northern Harford County Housing Market October 2018

Zip Code(s): 21050, 21084, 21154, 21132, 21160 and 21034
Units Sold
44
Active Inventory
144
Median Sale Price
$286,700
Days On Market
64
Up 16%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 23%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 44 sold this month in Forest Hill, Jarrettsville, and Northern Harford County Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 12 units or 8%. The total number of active inventory this October was 144 compared to 156 in October 2017. This month's total of 144 is lower than the previous month's total supply of available inventory of 161, a decrease of 11%.

Median Sale Price
Last October, the median sale price for Forest Hill, Jarrettsville, and Northern Harford County Homes was $298,500. This October, the median sale price was $286,700, a decrease of 4% or $11,800 compared to last year. The current median sold price is 18% lower than in September.

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


New Listings
57
Current Contracts
46
Sold Vs. List Price
98.7%
Months of Supply
3.3
Up 16%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -1.5%
Vs. Year Ago
Down -20%
Vs. Year Ago

Months of Supply
In October, there was 3.3 months of supply available in Forest Hill, Jarrettsville, and Northern Harford County, compared to 4.1 in October 2017. That is a decrease of 20% 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 57 homes newly listed for sale in Forest Hill, Jarrettsville, and Northern Harford County compared to 49 in October 2017, an increase of 16%. There were 46 current contracts pending sale this October compared to 50 a year ago. The number of current contracts is 8% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Forest Hill, Jarrettsville, and Northern Harford County was 98.7% of the average list price, which is 1.5% lower than at this time last year.

Days on Market
This month, the average number of days on market was 64, higher than the average last year, which was 52, an increase of 23%.

The Long & Foster Market Minute Forest Hill, Jarrettsville, and Northern Harford County are defined as properties listed in zip code/s 21050, 21084, 21154, 21132, 21160 and 21034.
*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.