The Long & Foster Market Minute

Focus On: Rockville Housing Market February 2019

Zip Code(s): 20850, 20851, 20852, 20853 and 20896
Units Sold
94
Active Inventory
209
Median Sale Price
$414,900
Days On Market
60
Down -6%
Vs. Year Ago
Down -6%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 25%
Vs. Year Ago

Units Sold
There was an increase in total units sold in February, with 94 sold this month in Rockville Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 13 units or 6%. The total number of active inventory this February was 209 compared to 222 in February 2018. This month's total of 209 is lower than the previous month's total supply of available inventory of 235, a decrease of 11%.

Median Sale Price
Last February, the median sale price for Rockville Homes was $464,500. This February, the median sale price was approximately the same at $414,900. The current median sold price is 11% lower than in February 2018.

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


New Listings
132
Current Contracts
123
Sold Vs. List Price
98.5%
Months of Supply
2.2
Down -19%
Vs. Year Ago
Up 14%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In February, there was 2.2 months of supply available in Rockville. 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 132 homes newly listed for sale in Rockville compared to 163 in February 2018, a decrease of 19%. There were 123 current contracts pending sale this February compared to 108 a year ago. The number of current contracts is 14% higher than last February.

Sale Price to List Price Ratio
In February, the average sale price in Rockville was 98.5% 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 60, higher than the average last year, which was 48, an increase of 25%.

The Long & Foster Market Minute Rockville are defined as properties listed in zip code/s 20850, 20851, 20852, 20853 and 20896.
*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.