The Long & Foster Market Minute

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

Zip Code(s): 21001, 21017, 21078, 21028 and 21130
Units Sold
51
Active Inventory
227
Median Sale Price
$220,000
Days On Market
31
Down -20%
Vs. Year Ago
Down -18%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -42%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 51 sold this month in Aberdeen, Belcamp, and Havre De Grace Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 50 units or 18%. The total number of active inventory this September was 227 compared to 277 in September 2017. This month's supply remained stable as compared to last month.

Median Sale Price
Last September, the median sale price for Aberdeen, Belcamp, and Havre De Grace Homes was $210,848. This September, the median sale price was $220,000, an increase of 4% or $9,152 compared to last year. The current median sold price is 7% 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
99
Current Contracts
68
Sold Vs. List Price
99.3%
Months of Supply
4.5
Up 11%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 1%
Vs. Year Ago
Up 3%
Vs. Year Ago

Months of Supply
In September, there was 4.5 months of supply available in Aberdeen, Belcamp, and Havre De Grace, compared to 4.3 in September 2017. That is an increase of 3% 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 99 homes newly listed for sale in Aberdeen, Belcamp, and Havre De Grace compared to 89 in September 2017, an increase of 11%. There were 68 current contracts pending sale this September compared to 61 a year ago. The number of current contracts is 11% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Aberdeen, Belcamp, and Havre De Grace was 99.3% 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 31, lower than the average last year, which was 53, a decrease of 42%.

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.