The Long & Foster Market Minute

Focus On: Aberdeen, Belcamp, and Havre De Grace Housing Market October 2018

Zip Code(s): 21001, 21017, 21078, 21028 and 21130
Units Sold
58
Active Inventory
223
Median Sale Price
$198,250
Days On Market
46
Down -26%
Vs. Year Ago
Down -15%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -45%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 58 sold this month in Aberdeen, Belcamp, and Havre De Grace Real Estate versus 61 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 26% versus October 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 38 units or 15%. The total number of active inventory this October was 223 compared to 261 in October 2017. This month's total of 223 is lower than the previous month's total supply of available inventory of 230, a decrease of 3%.

Median Sale Price
Last October, the median sale price for Aberdeen, Belcamp, and Havre De Grace Homes was $215,000. This October, the median sale price was $198,250, a decrease of 8% or $16,750 compared to last year. The current median sold price is 8% lower 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
89
Current Contracts
57
Sold Vs. List Price
97.4%
Months of Supply
3.8
Up 2%
Vs. Year Ago
Up 8%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 15%
Vs. Year Ago

Months of Supply
In October, there was 3.8 months of supply available in Aberdeen, Belcamp, and Havre De Grace, compared to 3.3 in October 2017. That is an increase of 15% 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 89 homes newly listed for sale in Aberdeen, Belcamp, and Havre De Grace compared to 87 in October 2017, an increase of 2%. There were 57 current contracts pending sale this October compared to 53 a year ago. The number of current contracts is 8% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Aberdeen, Belcamp, and Havre De Grace was 97.4% of the average list price, which is 1.0% lower than at this time last year.

Days on Market
This month, the average number of days on market was 46, lower than the average last year, which was 84, a decrease of 45%.

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.