The Long & Foster Market Minute

Focus On: Harford County Housing Market September 2021

Units Sold
422
Active Inventory
283
Median Sale Price
$326,000
Days On Market
13
Down -5%
Vs. Year Ago
Down -31%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -32%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 422 sold this month in Harford County Real Estate versus 480 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 5% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 125 units or 31%. The total number of active inventory this September was 283 compared to 408 in September 2020. This month's total of 283 is lower than the previous month's total supply of available inventory of 320, a decrease of 12%.

Median Sale Price
Last September, the median sale price for Harford County Homes was $304,500. This September, the median sale price was $326,000, an increase of 7% or $21,500 compared to last year. The current median sold price is 6% lower than in August.

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


New Listings
403
Current Contracts
389
Sold Vs. List Price
100.8%
Months of Supply
0.7
Down -17%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -27%
Vs. Year Ago

Months of Supply
In September, there was 0.7 months of supply available in Harford County, compared to 0.9 in September 2020. That is a decrease of 27% 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 403 homes newly listed for sale in Harford County compared to 486 in September 2020, a decrease of 17%. There were 389 current contracts pending sale this September compared to 428 a year ago. The number of current contracts is 9% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Harford County was 100.8% of the average list price, which is 1.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 13, lower than the average last year, which was 19, a decrease of 32%.

The Long & Foster Market Minute
*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.