Forest Hill, Jarrettsville, and Northern Harford County Housing Market Data

There was a decrease in total units sold in May, with 40 sold this month in Forest Hill, Jarrettsville, and Northern Harford County Real Estate versus 53 last month, a decrease of 25%. This month's total units sold was lower than at this time last year, a decrease of 25% versus May 2019.

Versus last year, the total number of homes available this month is lower by 52 units or 45%. The total number of active inventory this May was 63 compared to 115 in May 2019. This month's total of 63 is lower than the previous month's total supply of available inventory of 87, a decrease of 28%.

Last May, the median sale price for Forest Hill, Jarrettsville, and Northern Harford County Homes was $390,000. This May, the median sale price was $343,000, a decrease of 12% or $47,000 compared to last year. The current median sold price is 4% lower than in April.

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

In May, there was 1.6 months of supply available in Forest Hill, Jarrettsville, and Northern Harford County, compared to 2.2 in May 2019. That is a decrease of 27% 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 49 homes newly listed for sale in Forest Hill, Jarrettsville, and Northern Harford County compared to 73 in May 2019, a decrease of 33%. There were 65 current contracts pending sale this May compared to 53 a year ago. The number of current contracts is 23% higher than last May.

In May, the average sale price in Forest Hill, Jarrettsville, and Northern Harford County was 98.6% of the average list price, which is 1.1% lower than at this time last year.

This month, the average number of days on market was 22, lower than the average last year, which was 47, a decrease of 53%.





Focus On: Forest Hill, Jarrettsville, and Northern Harford County Housing Market			May 2020

Zip Code(s): 21050, 21084, 21154, 21132, 21160 and 21034
Units Sold 40	Active Inventory 63	Median Sale Price $343,000	Days On Market 22

Down -25% Vs. Year Ago	Down -45% Vs. Year Ago	Down -12% Vs. Year Ago	Down -53% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 40 sold this month in Forest Hill, Jarrettsville, and Northern Harford County Real Estate versus 53 last month, a decrease of 25%. This month's total units sold was lower than at this time last year, a decrease of 25% versus May 2019.
Active Inventory Versus last year, the total number of homes available this month is lower by 52 units or 45%. The total number of active inventory this May was 63 compared to 115 in May 2019. This month's total of 63 is lower than the previous month's total supply of available inventory of 87, a decrease of 28%.
		Median Sale Price Last May, the median sale price for Forest Hill, Jarrettsville, and Northern Harford County Homes was $390,000. This May, the median sale price was $343,000, a decrease of 12% or $47,000 compared to last year. The current median sold price is 4% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 49	Current Contracts 65	Sold Vs. List Price 98.6%	Months of Supply 1.6

Down -33% Vs. Year Ago	Up 23% Vs. Year Ago	Down -1.1% Vs. Year Ago	Down -27% Vs. Year Ago


		Months of Supply In May, there was 1.6 months of supply available in Forest Hill, Jarrettsville, and Northern Harford County, compared to 2.2 in May 2019. That is a decrease of 27% 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 49 homes newly listed for sale in Forest Hill, Jarrettsville, and Northern Harford County compared to 73 in May 2019, a decrease of 33%. There were 65 current contracts pending sale this May compared to 53 a year ago. The number of current contracts is 23% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Forest Hill, Jarrettsville, and Northern Harford County was 98.6% of the average list price, which is 1.1% lower than at this time last year. Days on Market This month, the average number of days on market was 22, lower than the average last year, which was 47, a decrease of 53%.


	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.
	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.