The Long & Foster Market Minute

Focus On: Rosedale Housing Market August 2018

Zip Code(s): 21237
Units Sold
32
Active Inventory
86
Median Sale Price
$210,000
Days On Market
49
Up 7%
Vs. Year Ago
Down -26%
Vs. Year Ago
No Change
Vs. Year Ago
Down -11%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 32 sold this month in Rosedale Real Estate versus 45 last month, a decrease of 29%. This month's total units sold was higher than at this time last year, an increase of 7% versus August 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 30 units or 26%. The total number of active inventory this August was 86 compared to 116 in August 2017. This month's total of 86 is lower than the previous month's total supply of available inventory of 99, a decrease of 13%.

Median Sale Price
Last August, the median sale price for Rosedale Homes was $209,166. This August, the median sale price was $210,000, which is similar compared to a year ago. The current median sold price is 5% higher than in July.

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


New Listings
36
Current Contracts
35
Sold Vs. List Price
98.4%
Months of Supply
2.7
Down -3%
Vs. Year Ago
Up 30%
Vs. Year Ago
Down -1.5%
Vs. Year Ago
Down -30%
Vs. Year Ago

Months of Supply
In August, there was 2.7 months of supply available in Rosedale, compared to 3.9 in August 2017. That is a decrease of 30% 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 36 homes newly listed for sale in Rosedale compared to 37 in August 2017, a decrease of 3%. There were 35 current contracts pending sale this August compared to 27 a year ago. The number of current contracts is 30% higher than last August.

Sale Price to List Price Ratio
In August, the average sale price in Rosedale was 98.4% of the average list price, which is 1.5% lower than at this time last year.

Days on Market
This month, the average number of days on market was 49, lower than the average last year, which was 55, a decrease of 11%.

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.