The Long & Foster Market Minute

Focus On: Rosedale Housing Market October 2018

Zip Code(s): 21237
Units Sold
30
Active Inventory
77
Median Sale Price
$226,000
Days On Market
65
Down -12%
Vs. Year Ago
Down -33%
Vs. Year Ago
Up 18%
Vs. Year Ago
Up 48%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 30 sold this month in Rosedale Real Estate versus 27 last month, an increase of 11%. This month's total units sold was lower than at this time last year, a decrease of 12% versus October 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 38 units or 33%. The total number of active inventory this October was 77 compared to 115 in October 2017. This month's total of 77 is lower than the previous month's total supply of available inventory of 86, a decrease of 10%.

Median Sale Price
Last October, the median sale price for Rosedale Homes was $191,500. This October, the median sale price was $226,000, an increase of 18% or $34,500 compared to last year. The current median sold price is 6% higher than in September.

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


New Listings
32
Current Contracts
30
Sold Vs. List Price
98.6%
Months of Supply
2.6
Down -36%
Vs. Year Ago
Down -25%
Vs. Year Ago
No Change
Vs. Year Ago
Down -24%
Vs. Year Ago

Months of Supply
In October, there was 2.6 months of supply available in Rosedale, compared to 3.4 in October 2017. That is a decrease of 24% 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 32 homes newly listed for sale in Rosedale compared to 50 in October 2017, a decrease of 36%. There were 30 current contracts pending sale this October compared to 40 a year ago. The number of current contracts is 25% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Rosedale was 98.6% 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 65, higher than the average last year, which was 44, an increase of 48%.

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 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.