Bel Air Housing Market Data

There was a decrease in total units sold in January, with 63 sold this month in Bel Air Real Estate versus 69 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 14% versus January 2018.

Versus last year, the total number of homes available this month is lower by 3 units or 2%. The total number of active inventory this January was 173 compared to 176 in January 2018. This month's total of 173 is lower than the previous month's total supply of available inventory of 182, a decrease of 5%.

Last January, the median sale price for Bel Air Homes was $244,900. This January, the median sale price was $274,000, an increase of 12% or $29,100 compared to last year. The current median sold price is 2% lower 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.

In January, there was 2.7 months of supply available in Bel Air, compared to 2.4 in January 2018. That is an increase of 14% 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 109 homes newly listed for sale in Bel Air compared to 86 in January 2018, an increase of 27%. There were 74 current contracts pending sale this January compared to 79 a year ago. The number of current contracts is 6% lower than last January.

In January, 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 51, lower than the average last year, which was 64, a decrease of 20%.





Focus On: Bel Air Housing Market			January 2019

Zip Code(s): 21014 and 21015
Units Sold 63	Active Inventory 173	Median Sale Price $274,000	Days On Market 51

Down -14% Vs. Year Ago	Down -2% Vs. Year Ago	Up 12% Vs. Year Ago	Down -20% Vs. Year Ago


		Units Sold There was a decrease in total units sold in January, with 63 sold this month in Bel Air Real Estate versus 69 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 14% versus January 2018.
Active Inventory Versus last year, the total number of homes available this month is lower by 3 units or 2%. The total number of active inventory this January was 173 compared to 176 in January 2018. This month's total of 173 is lower than the previous month's total supply of available inventory of 182, a decrease of 5%.
		Median Sale Price Last January, the median sale price for Bel Air Homes was $244,900. This January, the median sale price was $274,000, an increase of 12% or $29,100 compared to last year. The current median sold price is 2% lower 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 109	Current Contracts 74	Sold Vs. List Price 98.8%	Months of Supply 2.7

Up 27% Vs. Year Ago	Down -6% Vs. Year Ago	No Change Vs. Year Ago	Up 14% Vs. Year Ago


		Months of Supply In January, there was 2.7 months of supply available in Bel Air, compared to 2.4 in January 2018. That is an increase of 14% 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 109 homes newly listed for sale in Bel Air compared to 86 in January 2018, an increase of 27%. There were 74 current contracts pending sale this January compared to 79 a year ago. The number of current contracts is 6% lower than last January.
		Sale Price to List Price Ratio In January, 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 51, lower than the average last year, which was 64, a decrease of 20%.


	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 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.