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| Focus On: Cecil County Housing Market | September 2019 | ||
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| Units Sold 120 |
Active Inventory 469 |
Median Sale Price $233,450 |
Days On Market 47 |
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| Up 15% Vs. Year Ago |
Down -7% Vs. Year Ago |
Down -4% Vs. Year Ago |
Up 24% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in September, with 120 sold this month in Cecil County Real Estate versus 138 last month, a decrease of 13%. This month's total units sold was higher than at this time last year, an increase of 15% versus September 2018. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 38 units or 7%. The total number of active inventory this September was 469 compared to 507 in September 2018. This month's total of 469 is lower than the previous month's total supply of available inventory of 519, a decrease of 10%. |
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Median Sale Price
Last September, the median sale price for Cecil County Homes was $242,000. This September, the median sale price was $233,450, a decrease of 4% or $8,550 compared to last year. The current median sold price is 5% lower than in August. 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 137 |
Current Contracts 114 |
Sold Vs. List Price 97.7% |
Months of Supply 3.9 |
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| Down -7% Vs. Year Ago |
Up 16% Vs. Year Ago |
Down -1.1% Vs. Year Ago |
Down -20% Vs. Year Ago |
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Months of Supply
In September, there was 3.9 months of supply available in Cecil County, compared to 4.9 in September 2018. That is a decrease of 20% 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 137 homes newly listed for sale in Cecil County compared to 148 in September 2018, a decrease of 7%. There were 114 current contracts pending sale this September compared to 98 a year ago. The number of current contracts is 16% higher than last September. |
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Sale Price to List Price Ratio
In September, the average sale price in Cecil County was 97.7% of the average list price, which is 1.1% lower than at this time last year. Days on Market
This month, the average number of days on market was 47, higher than the average last year, which was 38, an increase of 24%. | |||
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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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