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| Focus On: Cecil County Housing Market | June 2020 | ||
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| Units Sold 132 |
Active Inventory 238 |
Median Sale Price $260,500 |
Days On Market 45 |
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| Down -7% Vs. Year Ago |
Down -57% Vs. Year Ago |
Up 8% Vs. Year Ago |
Down -2% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in June, with 132 sold this month in Cecil County Real Estate versus 111 last month, an increase of 19%. This month's total units sold was lower than at this time last year, a decrease of 7% versus June 2019. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 322 units or 57%. The total number of active inventory this June was 238 compared to 560 in June 2019. This month's total of 238 is lower than the previous month's total supply of available inventory of 301, a decrease of 21%. |
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Median Sale Price
Last June, the median sale price for Cecil County Homes was $240,750. This June, the median sale price was $260,500, an increase of 8% or $19,750 compared to last year. The current median sold price is 4% higher than in May. 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 154 |
Current Contracts 188 |
Sold Vs. List Price 97.6% |
Months of Supply 1.8 |
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| Down -17% Vs. Year Ago |
Up 24% Vs. Year Ago |
Down -1% Vs. Year Ago |
Down -54% Vs. Year Ago |
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Months of Supply
In June, there was 1.8 months of supply available in Cecil County, compared to 3.9 in June 2019. That is a decrease of 54% 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 154 homes newly listed for sale in Cecil County compared to 186 in June 2019, a decrease of 17%. There were 188 current contracts pending sale this June compared to 152 a year ago. The number of current contracts is 24% higher than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Cecil County was 97.6% of the average list price, which is 1.0% lower than at this time last year. Days on Market
This month, the average number of days on market was 45, lower than the average last year, which was 46, a decrease of 2%. | |||
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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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