The Long & Foster Market Minute

Focus On: Odenton and Fort Meade Housing Market December 2019

Zip Code(s): 21113 and 20755
Units Sold
37
Active Inventory
101
Median Sale Price
$342,500
Days On Market
47
Down -21%
Vs. Year Ago
Down -45%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 12%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 37 sold this month in Odenton and Fort Meade Real Estate versus 50 last month, a decrease of 26%. This month's total units sold was lower than at this time last year, a decrease of 21% versus December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 84 units or 45%. The total number of active inventory this December was 101 compared to 185 in December 2018. This month's total of 101 is lower than the previous month's total supply of available inventory of 149, a decrease of 32%.

Median Sale Price
Last December, the median sale price for Odenton and Fort Meade Homes was $345,000. This December, the median sale price was $342,500, a decrease of 1% or $2,500 compared to last year. The current median sold price is 8% 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
41
Current Contracts
48
Sold Vs. List Price
100.0%
Months of Supply
2.7
Down -27%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago
Down -31%
Vs. Year Ago

Months of Supply
In December, there was 2.7 months of supply available in Odenton and Fort Meade, compared to 3.9 in December 2018. That is a decrease of 31% 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 41 homes newly listed for sale in Odenton and Fort Meade compared to 56 in December 2018, a decrease of 27%. There were 48 current contracts pending sale this December, consistent with the volume a year ago. The number of current contracts is 17% higher than last month.

Sale Price to List Price Ratio
In December, the average sale price in Odenton and Fort Meade was 100.0% 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 47, higher than the average last year, which was 42, an increase of 12%.

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.