The Long & Foster Market Minute

Focus On: Rosedale Housing Market May 2018

Zip Code(s): 21237
Units Sold
41
Active Inventory
92
Median Sale Price
$199,500
Days On Market
30
Down -9%
Vs. Year Ago
Down -13%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -27%
Vs. Year Ago

Units Sold
There was an increase in total units sold in May, with 41 sold this month in Rosedale 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 14 units or 13%. The total number of active inventory this May was 92 compared to 106 in May 2017. This month's total of 92 is lower than the previous month's total supply of available inventory of 106, a decrease of 13%.

Median Sale Price
Last May, the median sale price for Rosedale Homes was $175,200. This May, the median sale price was $199,500, an increase of 14% or $24,300 compared to last year. The current median sold price is 1% lower than in April.

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


New Listings
55
Current Contracts
48
Sold Vs. List Price
99.0%
Months of Supply
2.2
Up 25%
Vs. Year Ago
Up 37%
Vs. Year Ago
Down -0.8%
Vs. Year Ago
Down -5%
Vs. Year Ago

Months of Supply
In May, there was 2.2 months of supply available in Rosedale, compared to 2.4 in May 2017. That is a decrease of 5% 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 55 homes newly listed for sale in Rosedale compared to 44 in May 2017, an increase of 25%. There were 48 current contracts pending sale this May compared to 35 a year ago. The number of current contracts is 37% higher than last May.

Sale Price to List Price Ratio
In May, the average sale price in Rosedale was 99.0% of the average list price, which is 0.8% lower than at this time last year.

Days on Market
This month, the average number of days on market was 30, lower than the average last year, which was 41, a decrease of 27%.

The Long & Foster Market Minute Rosedale are defined as properties listed in zip code/s 21237.
*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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.