The Long & Foster Market Minute

Focus On: Crofton, Crownsville, and Gambrills Housing Market June 2019

Zip Code(s): 21114, 21032 and 21054
Units Sold
96
Active Inventory
228
Median Sale Price
$381,250
Days On Market
44
Down -5%
Vs. Year Ago
Down -7%
Vs. Year Ago
Up 9%
Vs. Year Ago
Up 22%
Vs. Year Ago

Units Sold
The number of units sold remained stable in June, with 96 sold this month in Crofton, Crownsville, and Gambrills Real Estate. This month's total units sold was lower than at this time last year, a decrease of 0% versus June 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 18 units or 7%. The total number of active inventory this June was 228 compared to 246 in June 2018. This month's total of 228 is lower than the previous month's total supply of available inventory of 252, a decrease of 10%.

Median Sale Price
Last June, the median sale price for Crofton, Crownsville, and Gambrills Homes was $351,000. This June, the median sale price was $381,250, an increase of 9% or $30,250 compared to last year. The current median sold price is 2% lower 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.


New Listings
118
Current Contracts
97
Sold Vs. List Price
99.3%
Months of Supply
2.4
No Change
Vs. Year Ago
Up 45%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In June, there was 2.4 months of supply available in Crofton, Crownsville, and Gambrills. The amount of supply is similar compared to 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 118 homes newly listed for sale in Crofton, Crownsville, and Gambrills, which is similar to the amount in June 2018. There were 97 current contracts pending sale this June compared to 67 a year ago. The number of current contracts is 45% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Crofton, Crownsville, and Gambrills was 99.3% 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, higher than the average last year, which was 36, an increase of 22%.

The Long & Foster Market Minute Crofton, Crownsville, and Gambrills are defined as properties listed in zip code/s 21114, 21032 and 21054.
*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.