The Long & Foster Market Minute

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

Zip Code(s): 21001, 21017, 21078, 21028 and 21130
Units Sold
94
Active Inventory
221
Median Sale Price
$214,500
Days On Market
37
Up 16%
Vs. Year Ago
Down -28%
Vs. Year Ago
Down -12%
Vs. Year Ago
Down -41%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in July, with 94 sold this month in Aberdeen, Belcamp, and Havre De Grace Real Estate versus 98 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 16% versus July 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 86 units or 28%. The total number of active inventory this July was 221 compared to 307 in July 2017. This month's total of 221 is higher than the previous month's total supply of available inventory of 215, an increase of 3%.

Median Sale Price
Last July, the median sale price for Aberdeen, Belcamp, and Havre De Grace Homes was $244,000. This July, the median sale price was $214,500, a decrease of 12% or $29,500 compared to last year. The current median sold price is 1% lower 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
117
Current Contracts
83
Sold Vs. List Price
98.7%
Months of Supply
2.4
Up 21%
Vs. Year Ago
Up 12%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -38%
Vs. Year Ago

Months of Supply
In July, there was 2.4 months of supply available in Aberdeen, Belcamp, and Havre De Grace, compared to 3.8 in July 2017. That is a decrease of 38% 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 117 homes newly listed for sale in Aberdeen, Belcamp, and Havre De Grace compared to 97 in July 2017, an increase of 21%. There were 83 current contracts pending sale this July compared to 74 a year ago. The number of current contracts is 12% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in Aberdeen, Belcamp, and Havre De Grace was 98.7% 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 37, lower than the average last year, which was 63, a decrease of 41%.

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 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.