The Long & Foster Market Minute

Focus On: Fallston and Joppa Housing Market September 2019

Zip Code(s): 21047 and 21085
Units Sold
36
Active Inventory
101
Median Sale Price
$265,000
Days On Market
49
Up 6%
Vs. Year Ago
Down -11%
Vs. Year Ago
Down -15%
Vs. Year Ago
Up 40%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 36 sold this month in Fallston and Joppa Real Estate versus 52 last month, a decrease of 31%. This month's total units sold was higher than at this time last year, an increase of 6% versus September 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 13 units or 11%. The total number of active inventory this September was 101 compared to 114 in September 2018. This month's total of 101 is lower than the previous month's total supply of available inventory of 108, a decrease of 6%.

Median Sale Price
Last September, the median sale price for Fallston and Joppa Homes was $310,500. This September, the median sale price was $265,000, a decrease of 15% or $45,500 compared to last year. The current median sold price is 11% lower than in August.

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


New Listings
52
Current Contracts
40
Sold Vs. List Price
98.4%
Months of Supply
2.8
Up 58%
Vs. Year Ago
Up 29%
Vs. Year Ago
Down -3.1%
Vs. Year Ago
Down -16%
Vs. Year Ago

Months of Supply
In September, there was 2.8 months of supply available in Fallston and Joppa, compared to 3.4 in September 2018. That is a decrease of 16% 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 52 homes newly listed for sale in Fallston and Joppa compared to 33 in September 2018, an increase of 58%. There were 40 current contracts pending sale this September compared to 31 a year ago. The number of current contracts is 29% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Fallston and Joppa was 98.4% of the average list price, which is 3.2% lower than at this time last year.

Days on Market
This month, the average number of days on market was 49, higher than the average last year, which was 35, an increase of 40%.

The Long & Foster Market Minute Fallston and Joppa are defined as properties listed in zip code/s 21047 and 21085.
*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.