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| Focus On: Cecil County Housing Market | April 2019 | ||
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| Units Sold 115 |
Active Inventory 498 |
Median Sale Price $225,000 |
Days On Market 62 |
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| Down -6% Vs. Year Ago |
Up 9% Vs. Year Ago |
Up 11% Vs. Year Ago |
Up 9% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 115 sold this month in Cecil County Real Estate versus 95 last month, an increase of 21%. This month's total units sold was lower than at this time last year, a decrease of 6% versus April 2018. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 41 units or 9%. The total number of active inventory this April was 498 compared to 457 in April 2018. This month's total of 498 is higher than the previous month's total supply of available inventory of 451, an increase of 10%. |
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Median Sale Price
Last April, the median sale price for Cecil County Homes was $203,000. This April, the median sale price was $225,000, an increase of 11% or $22,000 compared to last year. The current median sold price is 2% lower 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. |
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| New Listings 234 |
Current Contracts 146 |
Sold Vs. List Price 97.2% |
Months of Supply 4.3 |
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| Up 26% Vs. Year Ago |
Up 4% Vs. Year Ago |
Down -1.4% Vs. Year Ago |
Up 15% Vs. Year Ago |
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Months of Supply
In April, there was 4.3 months of supply available in Cecil County, compared to 3.7 in April 2018. That is an increase of 16% 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 234 homes newly listed for sale in Cecil County compared to 185 in April 2018, an increase of 26%. There were 146 current contracts pending sale this April compared to 140 a year ago. The number of current contracts is 4% higher than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Cecil County was 97.2% of the average list price, which is 1.4% lower than at this time last year. Days on Market
This month, the average number of days on market was 62, higher than the average last year, which was 57, an increase of 9%. | |||
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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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