The Long & Foster Market Minute

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

Zip Code(s): 21001, 21017, 21078, 21028 and 21130
Units Sold
38
Active Inventory
202
Median Sale Price
$203,450
Days On Market
76
Down
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -13%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in January, with 38 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, a decrease from January 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 9 units or 5%. The total number of active inventory this January was 202 compared to 193 in January 2018. This month's total of 202 is lower than the previous month's total supply of available inventory of 240, a decrease of 16%.

Median Sale Price
Last January, the median sale price for Aberdeen, Belcamp, and Havre De Grace Homes was $197,950. This January, the median sale price was $203,450, an increase of 3% or $5,500 compared to last year. The current median sold price is 7% higher than in December.

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


New Listings
78
Current Contracts
64
Sold Vs. List Price
97.8%
Months of Supply
5.3
Up 4%
Vs. Year Ago
No Change
Vs. Year Ago
Down -0.5%
Vs. Year Ago
Up 21%
Vs. Year Ago

Months of Supply
In January, there was 5.3 months of supply available in Aberdeen, Belcamp, and Havre De Grace, compared to 4.4 in January 2018. That is an increase of 21% 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 78 homes newly listed for sale in Aberdeen, Belcamp, and Havre De Grace compared to 75 in January 2018, an increase of 4%. There were 64 current contracts pending sale this January, consistent with the volume a year ago. The number of current contracts is 33% higher than last month.

Sale Price to List Price Ratio
In January, the average sale price in Aberdeen, Belcamp, and Havre De Grace was 97.8% of the average list price, which is 0.5% lower than at this time last year.

Days on Market
This month, the average number of days on market was 76, lower than the average last year, which was 87, a decrease of 13%.

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.