Bel Air Housing Market Data

There was a decrease in total units sold in July, with 112 sold this month in Bel Air Real Estate versus 122 last month, a decrease of 8%. This month's total units sold was higher than at this time last year, an increase of 6% versus July 2017.

Versus last year, the total number of homes available this month is lower by 70 units or 25%. The total number of active inventory this July was 211 compared to 281 in July 2017. This month's total of 211 is higher than the previous month's total supply of available inventory of 208, an increase of 1%.

Last July, the median sale price for Bel Air Homes was $265,000. This July, the median sale price was $308,250, an increase of 16% or $43,250 compared to last year. The current median sold price is 11% 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.

In July, there was 1.9 months of supply available in Bel Air, compared to 2.7 in July 2017. That is a decrease of 29% 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.

This month there were 133 homes newly listed for sale in Bel Air compared to 174 in July 2017, a decrease of 24%. There were 100 current contracts pending sale this July compared to 113 a year ago. The number of current contracts is 12% lower than last July.

In July, the average sale price in Bel Air was 98.8% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 27, lower than the average last year, which was 40, a decrease of 33%.





Focus On: Bel Air Housing Market			July 2018

Zip Code(s): 21014 and 21015
Units Sold 112	Active Inventory 211	Median Sale Price $308,250	Days On Market 27

Up 6% Vs. Year Ago	Down -25% Vs. Year Ago	Up 16% Vs. Year Ago	Down -32% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 112 sold this month in Bel Air Real Estate versus 122 last month, a decrease of 8%. This month's total units sold was higher than at this time last year, an increase of 6% versus July 2017.
Active Inventory Versus last year, the total number of homes available this month is lower by 70 units or 25%. The total number of active inventory this July was 211 compared to 281 in July 2017. This month's total of 211 is higher than the previous month's total supply of available inventory of 208, an increase of 1%.
		Median Sale Price Last July, the median sale price for Bel Air Homes was $265,000. This July, the median sale price was $308,250, an increase of 16% or $43,250 compared to last year. The current median sold price is 11% 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 133	Current Contracts 100	Sold Vs. List Price 98.8%	Months of Supply 1.9

Down -24% Vs. Year Ago	Down -12% Vs. Year Ago	No Change Vs. Year Ago	Down -29% Vs. Year Ago


		Months of Supply In July, there was 1.9 months of supply available in Bel Air, compared to 2.7 in July 2017. That is a decrease of 29% 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 133 homes newly listed for sale in Bel Air compared to 174 in July 2017, a decrease of 24%. There were 100 current contracts pending sale this July compared to 113 a year ago. The number of current contracts is 12% lower than last July.
		Sale Price to List Price Ratio In July, the average sale price in Bel Air was 98.8% 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 27, lower than the average last year, which was 40, a decrease of 33%.


	Bel Air are defined as properties listed in zip code/s 21014 and 21015.
	*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.
	Information 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.