The Long & Foster Market Minute

Focus On: Forest Hill, Jarrettsville, and Northern Harford County Housing Market March 2019

Zip Code(s): 21050, 21084, 21154, 21132, 21160 and 21034
Units Sold
35
Active Inventory
93
Median Sale Price
$300,000
Days On Market
47
No Change
Vs. Year Ago
Down -31%
Vs. Year Ago
Down -12%
Vs. Year Ago
Down -28%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 35 sold this month in Forest Hill, Jarrettsville, and Northern Harford County Real Estate, an increase of 35%. This month's total units sold is similar compared to a year ago.

Active Inventory
Versus last year, the total number of homes available this month is lower by 42 units or 31%. The total number of active inventory this March was 93 compared to 135 in March 2018. This month's total of 93 is higher than the previous month's total supply of available inventory of 89, an increase of 4%.

Median Sale Price
Last March, the median sale price for Forest Hill, Jarrettsville, and Northern Harford County Homes was $340,600. This March, the median sale price was $300,000, a decrease of 12% or $40,600 compared to last year. The current median sold price is 7% lower than in February.

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


New Listings
60
Current Contracts
41
Sold Vs. List Price
99.7%
Months of Supply
2.7
Down -6%
Vs. Year Ago
Down -2%
Vs. Year Ago
No Change
Vs. Year Ago
Down -31%
Vs. Year Ago

Months of Supply
In March, there was 2.7 months of supply available in Forest Hill, Jarrettsville, and Northern Harford County, compared to 3.9 in March 2018. That is a decrease of 31% 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 60 homes newly listed for sale in Forest Hill, Jarrettsville, and Northern Harford County compared to 64 in March 2018, a decrease of 6%. There were 41 current contracts pending sale this March compared to 42 a year ago. The number of current contracts is 2% lower than last March.

Sale Price to List Price Ratio
In March, the average sale price in Forest Hill, Jarrettsville, and Northern Harford County was 99.7% 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 47, lower than the average last year, which was 65, a decrease of 28%.

The Long & Foster Market Minute Forest Hill, Jarrettsville, and Northern Harford County are defined as properties listed in zip code/s 21050, 21084, 21154, 21132, 21160 and 21034.
*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.