Bel Air Housing Market Data

There was a decrease in total units sold in April, with 92 sold this month in Bel Air Real Estate versus 100 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 2% versus April 2018.

Versus last year, the total number of homes available this month is higher by 32 units or 17%. The total number of active inventory this April was 221 compared to 189 in April 2018. This month's total of 221 is higher than the previous month's total supply of available inventory of 206, an increase of 7%.

Last April, the median sale price for Bel Air Homes was $280,000. This April, the median sale price was $318,500, an increase of 14% or $38,500 compared to last year. The current median sold price is 4% 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.

In April, there was 2.4 months of supply available in Bel Air, compared to 2.0 in April 2018. That is an increase of 19% 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 193 homes newly listed for sale in Bel Air compared to 162 in April 2018, an increase of 19%. There were 132 current contracts pending sale this April compared to 118 a year ago. The number of current contracts is 12% higher than last April.

In April, the average sale price in Bel Air was 98.4% of the average list price, which is 0.5% lower than at this time last year.

This month, the average number of days on market was 31, lower than the average last year, which was 49, a decrease of 37%.





Focus On: Bel Air Housing Market			April 2019

Zip Code(s): 21014 and 21015
Units Sold 92	Active Inventory 221	Median Sale Price $318,500	Days On Market 31

Down -2% Vs. Year Ago	Up 17% Vs. Year Ago	Up 14% Vs. Year Ago	Down -37% Vs. Year Ago


		Units Sold There was a decrease in total units sold in April, with 92 sold this month in Bel Air Real Estate versus 100 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 2% versus April 2018.
Active Inventory Versus last year, the total number of homes available this month is higher by 32 units or 17%. The total number of active inventory this April was 221 compared to 189 in April 2018. This month's total of 221 is higher than the previous month's total supply of available inventory of 206, an increase of 7%.
		Median Sale Price Last April, the median sale price for Bel Air Homes was $280,000. This April, the median sale price was $318,500, an increase of 14% or $38,500 compared to last year. The current median sold price is 4% 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 193	Current Contracts 132	Sold Vs. List Price 98.4%	Months of Supply 2.4

Up 19% Vs. Year Ago	Up 12% Vs. Year Ago	Down -0.5% Vs. Year Ago	Up 19% Vs. Year Ago


		Months of Supply In April, there was 2.4 months of supply available in Bel Air, compared to 2.0 in April 2018. That is an increase of 19% 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 193 homes newly listed for sale in Bel Air compared to 162 in April 2018, an increase of 19%. There were 132 current contracts pending sale this April compared to 118 a year ago. The number of current contracts is 12% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Bel Air was 98.4% 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 31, lower than the average last year, which was 49, a decrease of 37%.


	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.