The Long & Foster Market Minute

Focus On: Edgewood Housing Market April 2019

Zip Code(s): 21040
Units Sold
31
Active Inventory
49
Median Sale Price
$173,000
Days On Market
48
Up
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 4%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in April, with 31 sold this month in Edgewood Real Estate. This month's total units sold was higher than at this time last year, an increase from April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 4 units or 8%. The total number of active inventory this April was 49 compared to 53 in April 2018. This month's total of 49 is lower than the previous month's total supply of available inventory of 65, a decrease of 25%.

Median Sale Price
Last April, the median sale price for Edgewood Homes was $174,000. This April, the median sale price was $173,000, a decrease of 1% or $1,000 compared to last year. The current median sold price is 19% higher than in March.

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


New Listings
42
Current Contracts
47
Sold Vs. List Price
98.4%
Months of Supply
1.6
Down -5%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -0.6%
Vs. Year Ago
Down -43%
Vs. Year Ago

Months of Supply
In April, there was 1.6 months of supply available in Edgewood, compared to 2.8 in April 2018. That is a decrease of 43% 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 42 homes newly listed for sale in Edgewood compared to 44 in April 2018, a decrease of 5%. There were 47 current contracts pending sale this April compared to 40 a year ago. The number of current contracts is 18% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Edgewood was 98.4% of the average list price, which is 0.6% lower than at this time last year.

Days on Market
This month, the average number of days on market was 48, higher than the average last year, which was 46, an increase of 4%.

The Long & Foster Market Minute Edgewood are defined as properties listed in zip code/s 21040.
*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.