The Long & Foster Market Minute

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

Zip Code(s): 21050, 21084, 21154, 21132, 21160 and 21034
Units Sold
44
Active Inventory
94
Median Sale Price
$349,900
Days On Market
49
Up 33%
Vs. Year Ago
Down -32%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -29%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 44 sold this month in Forest Hill, Jarrettsville, and Northern Harford County Real Estate versus 35 last month, an increase of 26%. This month's total units sold was higher than at this time last year, an increase of 33% versus December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 45 units or 32%. The total number of active inventory this December was 94 compared to 139 in December 2018. This month's total of 94 is lower than the previous month's total supply of available inventory of 138, a decrease of 32%.

Median Sale Price
Last December, the median sale price for Forest Hill, Jarrettsville, and Northern Harford County Homes was $310,000. This December, the median sale price was $349,900, an increase of 13% or $39,900 compared to last year. The current median sold price is 9% lower than in November.

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


New Listings
22
Current Contracts
36
Sold Vs. List Price
97.8%
Months of Supply
2.1
Up 16%
Vs. Year Ago
Up 9%
Vs. Year Ago
Down -3.8%
Vs. Year Ago
Down -49%
Vs. Year Ago

Months of Supply
In December, there was 2.1 months of supply available in Forest Hill, Jarrettsville, and Northern Harford County, compared to 4.2 in December 2018. That is a decrease of 49% 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 22 homes newly listed for sale in Forest Hill, Jarrettsville, and Northern Harford County compared to 19 in December 2018, an increase of 16%. There were 36 current contracts pending sale this December compared to 33 a year ago. The number of current contracts is 9% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Forest Hill, Jarrettsville, and Northern Harford County was 97.8% of the average list price, which is 3.8% lower than at this time last year.

Days on Market
This month, the average number of days on market was 49, lower than the average last year, which was 69, a decrease of 29%.

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.