The Long & Foster Market Minute

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

Zip Code(s): 21050, 21084, 21154, 21132, 21160 and 21034
Units Sold
52
Active Inventory
121
Median Sale Price
$348,750
Days On Market
33
Down -10%
Vs. Year Ago
Down -18%
Vs. Year Ago
Down -13%
Vs. Year Ago
Down -28%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 52 sold this month in Forest Hill, Jarrettsville, and Northern Harford County Real Estate versus 53 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 10% versus August 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 26 units or 18%. The total number of active inventory this August was 121 compared to 147 in August 2018. This month's total of 121 is lower than the previous month's total supply of available inventory of 138, a decrease of 12%.

Median Sale Price
Last August, the median sale price for Forest Hill, Jarrettsville, and Northern Harford County Homes was $400,000. This August, the median sale price was $348,750, a decrease of 13% or $51,250 compared to last year. The current median sold price is 4% higher than in July.

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


New Listings
68
Current Contracts
47
Sold Vs. List Price
98.0%
Months of Supply
2.3
Up 19%
Vs. Year Ago
Up 9%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -8%
Vs. Year Ago

Months of Supply
In August, there was 2.3 months of supply available in Forest Hill, Jarrettsville, and Northern Harford County, compared to 2.5 in August 2018. That is a decrease of 8% 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 68 homes newly listed for sale in Forest Hill, Jarrettsville, and Northern Harford County compared to 57 in August 2018, an increase of 19%. There were 47 current contracts pending sale this August compared to 43 a year ago. The number of current contracts is 9% higher than last August.

Sale Price to List Price Ratio
In August, the average sale price in Forest Hill, Jarrettsville, and Northern Harford County was 98.0% of the average list price, which is 1.0% lower than at this time last year.

Days on Market
This month, the average number of days on market was 33, lower than the average last year, which was 46, 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.