The Long & Foster Market Minute

Focus On: Odenton and Fort Meade Housing Market September 2019

Zip Code(s): 21113 and 20755
Units Sold
57
Active Inventory
146
Median Sale Price
$325,000
Days On Market
43
Up 6%
Vs. Year Ago
Down -21%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 5%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 57 sold this month in Odenton and Fort Meade Real Estate versus 80 last month, a decrease of 29%. This month's total units sold was higher than at this time last year, an increase of 6% versus September 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 39 units or 21%. The total number of active inventory this September was 146 compared to 185 in September 2018. This month's total of 146 is lower than the previous month's total supply of available inventory of 169, a decrease of 14%.

Median Sale Price
Last September, the median sale price for Odenton and Fort Meade Homes was $305,495. This September, the median sale price was $325,000, an increase of 6% or $19,505 compared to last year. The current median sold price is 5% higher than in August.

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


New Listings
65
Current Contracts
60
Sold Vs. List Price
99.5%
Months of Supply
2.6
Down -28%
Vs. Year Ago
Up 43%
Vs. Year Ago
No Change
Vs. Year Ago
Down -25%
Vs. Year Ago

Months of Supply
In September, there was 2.6 months of supply available in Odenton and Fort Meade, compared to 3.4 in September 2018. That is a decrease of 25% 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 65 homes newly listed for sale in Odenton and Fort Meade compared to 90 in September 2018, a decrease of 28%. There were 60 current contracts pending sale this September compared to 42 a year ago. The number of current contracts is 43% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Odenton and Fort Meade was 99.5% 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 43, higher than the average last year, which was 41, an increase of 5%.

The Long & Foster Market Minute Odenton and Fort Meade are defined as properties listed in zip code/s 21113 and 20755.
*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.