The Long & Foster Market Minute

FOCUS ON: BALTIMORE COUNTY HOUSING MARKET APRIL 2024

Units Sold
684
Active Inventory
897
Median Sale Price
$353,100
Days On Market
20
Down -4%
Vs. Year Ago
Down -15%
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -13%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 684 sold this month in Baltimore County Real Estate versus 646 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 4% versus April 2023.

Active Inventory
Versus last year, the total number of homes available this month is lower by 155 units or 15%. The total number of active inventory this April was 897 compared to 1,052 in April 2023. This month's total of 897 is lower than the previous month's total supply of available inventory of 1,025, a decrease of 12%.

Median Sale Price
Last April, the median sale price for Baltimore County Homes was $347,750. This April, the median sale price was $353,100, an increase of 2% or $5,350 compared to last year. The current median sold price is 2% higher than in March.

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


New Listings
857
Current Contracts
852
Sold Vs. List Price
101.4%
Months of Supply
1.3
Down -8%
Vs. Year Ago
Down -2%
Vs. Year Ago
No Change
Vs. Year Ago
Down -11%
Vs. Year Ago

Months of Supply
In April, there was 1.3 months of supply available in Baltimore County, compared to 1.5 in April 2023. That is a decrease of 11% 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 857 homes newly listed for sale in Baltimore County compared to 934 in April 2023, a decrease of 8%. There were 852 current contracts pending sale this April compared to 867 a year ago. The number of current contracts is 2% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Baltimore County was 101.4% 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 20, lower than the average last year, which was 23, a decrease of 13%.

The Long & Foster Market Minute
*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.