Edgewood Housing Market Data

There was a decrease in total units sold in July, with 28 sold this month in Edgewood Real Estate versus 34 last month, a decrease of 18%. This month's total units sold was higher than at this time last year, an increase of 8% versus July 2018.

Versus last year, the total number of homes available this month is lower by 12 units or 19%. The total number of active inventory this July was 50 compared to 62 in July 2018. This month's total of 50 is lower than the previous month's total supply of available inventory of 53, a decrease of 6%.

Last July, the median sale price for Edgewood Homes was $193,000. This July, the median sale price was $159,000, a decrease of 18% or $34,000 compared to last year. The current median sold price is 12% lower than in June.

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

In July, there was 1.8 months of supply available in Edgewood, compared to 2.4 in July 2018. That is a decrease of 25% 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.

This month there were 33 homes newly listed for sale in Edgewood compared to 41 in July 2018, a decrease of 20%. There were 27 current contracts pending sale this July compared to 18 a year ago. The number of current contracts is 50% higher than last July.

In July, the average sale price in Edgewood was 99.1% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 49, higher than the average last year, which was 20. This increase was impacted by the limited number of sales.





Focus On: Edgewood Housing Market			July 2019

Zip Code(s): 21040
Units Sold 28	Active Inventory 50	Median Sale Price $159,000	Days On Market 49

Up 8% Vs. Year Ago	Down -19% Vs. Year Ago	Down -18% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 28 sold this month in Edgewood Real Estate versus 34 last month, a decrease of 18%. This month's total units sold was higher than at this time last year, an increase of 8% versus July 2018.
Active Inventory Versus last year, the total number of homes available this month is lower by 12 units or 19%. The total number of active inventory this July was 50 compared to 62 in July 2018. This month's total of 50 is lower than the previous month's total supply of available inventory of 53, a decrease of 6%.
		Median Sale Price Last July, the median sale price for Edgewood Homes was $193,000. This July, the median sale price was $159,000, a decrease of 18% or $34,000 compared to last year. The current median sold price is 12% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 33	Current Contracts 27	Sold Vs. List Price 99.1%	Months of Supply 1.8

Down -20% Vs. Year Ago	Up 50% Vs. Year Ago	No Change Vs. Year Ago	Down -25% Vs. Year Ago


		Months of Supply In July, there was 1.8 months of supply available in Edgewood, compared to 2.4 in July 2018. That is a decrease of 25% 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 33 homes newly listed for sale in Edgewood compared to 41 in July 2018, a decrease of 20%. There were 27 current contracts pending sale this July compared to 18 a year ago. The number of current contracts is 50% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Edgewood was 99.1% 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 49, higher than the average last year, which was 20. This increase was impacted by the limited number of sales.


	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.
	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.