The Long & Foster Market Minute

Focus On: Odenton and Fort Meade Housing Market March 2019

Zip Code(s): 21113 and 20755
Units Sold
54
Active Inventory
119
Median Sale Price
$322,450
Days On Market
54
Up 2%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 8%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 54 sold this month in Odenton and Fort Meade Real Estate versus 49 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 2% versus March 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 2 units or 2%. The total number of active inventory this March was 119 compared to 117 in March 2018. This month's total of 119 is lower than the previous month's total supply of available inventory of 129, a decrease of 8%.

Median Sale Price
Last March, the median sale price for Odenton and Fort Meade Homes was $306,000. This March, the median sale price was $322,450, an increase of 5% or $16,450 compared to last year. The current median sold price is 9% higher than in February.

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


New Listings
90
Current Contracts
86
Sold Vs. List Price
99.9%
Months of Supply
2.2
Down -11%
Vs. Year Ago
Up 12%
Vs. Year Ago
Up 1.2%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In March, there was 2.2 months of supply available in Odenton and Fort Meade. 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 90 homes newly listed for sale in Odenton and Fort Meade compared to 101 in March 2018, a decrease of 11%. There were 86 current contracts pending sale this March compared to 77 a year ago. The number of current contracts is 12% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Odenton and Fort Meade was 99.9% of the average list price, which is 1.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 54, higher than the average last year, which was 50, an increase of 8%.

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.