Edgewater Housing Market Data

With relatively few transactions, there was a decrease in total units sold in May, with 27 sold this month in Edgewater Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2019.

Versus last year, the total number of homes available this month is lower by 99 units or 48%. The total number of active inventory this May was 107 compared to 206 in May 2019. This month's total of 107 is lower than the previous month's total supply of available inventory of 131, a decrease of 18%.

Last May, the median sale price for Edgewater Homes was $430,000. This May, the median sale price was $425,000, a decrease of 1% or $5,000 compared to last year. The current median sold price is 9% higher 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.

In May, there was 4.0 months of supply available in Edgewater. 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.

This month there were 56 homes newly listed for sale in Edgewater compared to 95 in May 2019, a decrease of 41%. There were 66 current contracts pending sale this May compared to 43 a year ago. The number of current contracts is 53% higher than last May.

In May, the average sale price in Edgewater was 98.7% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 46, higher than the average last year, which was 40, an increase of 15%.





Focus On: Edgewater Housing Market			May 2020

Zip Code(s): 21037 and 21140
Units Sold 27	Active Inventory 107	Median Sale Price $425,000	Days On Market 46

Down Vs. Year Ago	Down -48% Vs. Year Ago	Down -1% Vs. Year Ago	Up 15% Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in May, with 27 sold this month in Edgewater Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2019.
Active Inventory Versus last year, the total number of homes available this month is lower by 99 units or 48%. The total number of active inventory this May was 107 compared to 206 in May 2019. This month's total of 107 is lower than the previous month's total supply of available inventory of 131, a decrease of 18%.
		Median Sale Price Last May, the median sale price for Edgewater Homes was $430,000. This May, the median sale price was $425,000, a decrease of 1% or $5,000 compared to last year. The current median sold price is 9% higher 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 56	Current Contracts 66	Sold Vs. List Price 98.7%	Months of Supply 4.0

Down -41% Vs. Year Ago	Up 53% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In May, there was 4.0 months of supply available in Edgewater. 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 56 homes newly listed for sale in Edgewater compared to 95 in May 2019, a decrease of 41%. There were 66 current contracts pending sale this May compared to 43 a year ago. The number of current contracts is 53% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Edgewater was 98.7% 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 46, higher than the average last year, which was 40, an increase of 15%.


	Edgewater are defined as properties listed in zip code/s 21037 and 21140.
	*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.