The Long & Foster Market Minute

Focus On: Clarksville, Woodstock, and Western Howard County Housing Market May 2022

Zip Code(s): 21029, 21797, 20777, 20759, 21036, 21737, 21738, 21794, 21723, 21765 and 21163
Units Sold
75
Active Inventory
50
Median Sale Price
$845,000
Days On Market
10
Down -13%
Vs. Year Ago
Down -42%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -9%
Vs. Year Ago

Units Sold
There was an increase in total units sold in May, with 75 sold this month in Clarksville, Woodstock, and Western Howard County Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 36 units or 42%. The total number of active inventory this May was 50 compared to 86 in May 2021. This month's total of 50 is higher than the previous month's total supply of available inventory of 48, an increase of 4%.

Median Sale Price
Last May, the median sale price for Clarksville, Woodstock, and Western Howard County Homes was $769,000. This May, the median sale price was $845,000, an increase of 10% or $76,000 compared to last year. The current median sold price is 5% lower than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
99
Current Contracts
91
Sold Vs. List Price
103.4%
Months of Supply
0.7
Down -16%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 1.8%
Vs. Year Ago
Down -33%
Vs. Year Ago

Months of Supply
In May, there was 0.7 months of supply available in Clarksville, Woodstock, and Western Howard County, compared to 1.0 in May 2021. That is a decrease of 33% 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.

New Listings & Current Contracts
This month there were 99 homes newly listed for sale in Clarksville, Woodstock, and Western Howard County compared to 118 in May 2021, a decrease of 16%. There were 91 current contracts pending sale this May compared to 100 a year ago. The number of current contracts is 9% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Clarksville, Woodstock, and Western Howard County was 103.4% of the average list price, which is 1.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 10, lower than the average last year, which was 11, a decrease of 9%.

The Long & Foster Market Minute Clarksville, Woodstock, and Western Howard County are defined as properties listed in zip code/s 21029, 21797, 20777, 20759, 21036, 21737, 21738, 21794, 21723, 21765 and 21163.
*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.
REALTOR, Equal Opportunity HousingInformation 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.