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| Focus On: Cecil County Housing Market | April 2020 | ||
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| Units Sold 107 |
Active Inventory 281 |
Median Sale Price $245,000 |
Days On Market 44 |
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| Down -10% Vs. Year Ago |
Down -46% Vs. Year Ago |
Up 9% Vs. Year Ago |
Down -15% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in April, with 107 sold this month in Cecil County Real Estate versus 122 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 10% versus April 2019. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 236 units or 46%. The total number of active inventory this April was 281 compared to 517 in April 2019. This month's total of 281 is lower than the previous month's total supply of available inventory of 327, a decrease of 14%. |
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Median Sale Price
Last April, the median sale price for Cecil County Homes was $225,000. This April, the median sale price was $245,000, an increase of 9% or $20,000 compared to last year. The current median sold price is 1% 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 117 |
Current Contracts 132 |
Sold Vs. List Price 97.6% |
Months of Supply 2.6 |
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| Down -50% Vs. Year Ago |
Down -6% Vs. Year Ago |
No Change Vs. Year Ago |
Down -39% Vs. Year Ago |
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Months of Supply
In April, there was 2.6 months of supply available in Cecil County, compared to 4.3 in April 2019. That is a decrease of 40% 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 117 homes newly listed for sale in Cecil County compared to 235 in April 2019, a decrease of 50%. There were 132 current contracts pending sale this April compared to 140 a year ago. The number of current contracts is 6% lower than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Cecil County was 97.6% 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 44, lower than the average last year, which was 52, a decrease of 15%. | |||
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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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