The Long & Foster Market Minute

Focus On: Odenton and Fort Meade Housing Market July 2019

Zip Code(s): 21113 and 20755
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 8%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 37%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in July, with 66 sold this month in Odenton and Fort Meade Real Estate versus 73 last month, a decrease of 10%. This month's total units sold was higher than at this time last year, an increase of 8% versus July 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 29 units or 17%. The total number of active inventory this July was 141 compared to 170 in July 2018. This month's total of 141 is lower than the previous month's total supply of available inventory of 165, a decrease of 15%.

Median Sale Price
Last July, the median sale price for Odenton and Fort Meade Homes was $330,000. This July, the median sale price was $349,900, an increase of 6% or $19,900 compared to last year. The current median sold price is 3% higher than in June.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -20%
Vs. Year Ago
Up 48%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Down -23%
Vs. Year Ago

Months of Supply
In July, there was 2.1 months of supply available in Odenton and Fort Meade, compared to 2.8 in July 2018. That is a decrease of 23% 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 73 homes newly listed for sale in Odenton and Fort Meade compared to 91 in July 2018, a decrease of 20%. There were 74 current contracts pending sale this July compared to 50 a year ago. The number of current contracts is 48% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in Odenton and Fort Meade was 100.5% of the average list price, which is 0.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 41, higher than the average last year, which was 30, an increase of 37%.

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.