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| Focus On: Cecil County Housing Market | March 2019 | ||
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| Units Sold 89 |
Active Inventory 436 |
Median Sale Price $230,000 |
Days On Market 89 |
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| Down -17% Vs. Year Ago |
Down -12% Vs. Year Ago |
Up 7% Vs. Year Ago |
Up 35% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 89 sold this month in Cecil County Real Estate. This month's total units sold was lower than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 59 units or 12%. The total number of active inventory this March was 436 compared to 495 in March 2018. This month's total of 436 is lower than the previous month's total supply of available inventory of 447, a decrease of 2%. |
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Median Sale Price
Last March, the median sale price for Cecil County Homes was $215,000. This March, the median sale price was $230,000, an increase of 7% or $15,000 compared to last year. The current median sold price is 21% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 209 |
Current Contracts 172 |
Sold Vs. List Price 97.9% |
Months of Supply 4.9 |
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| Up 13% Vs. Year Ago |
Up 15% Vs. Year Ago |
Down -0.7% Vs. Year Ago |
Up 6% Vs. Year Ago |
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Months of Supply
In March, there was 4.9 months of supply available in Cecil County, compared to 4.6 in March 2018. That is an increase of 6% 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. |
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New Listings & Current Contracts
This month there were 209 homes newly listed for sale in Cecil County compared to 185 in March 2018, an increase of 13%. There were 172 current contracts pending sale this March compared to 150 a year ago. The number of current contracts is 15% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Cecil County was 97.9% of the average list price, which is 0.7% lower than at this time last year. Days on Market
This month, the average number of days on market was 89, higher than the average last year, which was 66, an increase of 35%. | |||
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| *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. |
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