The Long & Foster Market Minute

Focus On: Aberdeen, Belcamp, and Havre De Grace Housing Market July 2019

Zip Code(s): 21001, 21017, 21078, 21028 and 21130
Units Sold
86
Active Inventory
240
Median Sale Price
$239,000
Days On Market
46
Down -5%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 17%
Vs. Year Ago
Up 31%
Vs. Year Ago

Units Sold
There was an increase in total units sold in July, with 86 sold this month in Aberdeen, Belcamp, and Havre De Grace Real Estate versus 79 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 5% versus July 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 8 units or 3%. The total number of active inventory this July was 240 compared to 232 in July 2018. This month's supply remained stable as compared to last month.

Median Sale Price
Last July, the median sale price for Aberdeen, Belcamp, and Havre De Grace Homes was $205,000. This July, the median sale price was $239,000, an increase of 17% or $34,000 compared to last year. The current median sold price is 4% higher than in June.

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


New Listings
123
Current Contracts
73
Sold Vs. List Price
99.1%
Months of Supply
2.8
Up 4%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago
Up 9%
Vs. Year Ago

Months of Supply
In July, there was 2.8 months of supply available in Aberdeen, Belcamp, and Havre De Grace, compared to 2.5 in July 2018. That is an increase of 9% 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 123 homes newly listed for sale in Aberdeen, Belcamp, and Havre De Grace compared to 118 in July 2018, an increase of 4%. There were 73 current contracts pending sale this July, consistent with the volume a year ago. The number of current contracts is 15% lower than last month.

Sale Price to List Price Ratio
In July, the average sale price in Aberdeen, Belcamp, and Havre De Grace was 99.1% 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 46, higher than the average last year, which was 35, an increase of 31%.

The Long & Foster Market Minute Aberdeen, Belcamp, and Havre De Grace are defined as properties listed in zip code/s 21001, 21017, 21078, 21028 and 21130.
*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.