The Long & Foster Market Minute

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

Zip Code(s): 21050, 21084, 21154, 21132, 21160 and 21034
Units Sold
63
Active Inventory
112
Median Sale Price
$377,000
Days On Market
27
Up 3%
Vs. Year Ago
Down -25%
Vs. Year Ago
Up 14%
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 63 sold this month in Forest Hill, Jarrettsville, and Northern Harford County Real Estate versus 53 last month, an increase of 19%. This month's total units sold was higher than at this time last year, an increase of 3% versus June 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 38 units or 25%. The total number of active inventory this June was 112 compared to 150 in June 2018. This month's total of 112 is lower than the previous month's total supply of available inventory of 120, a decrease of 7%.

Median Sale Price
Last June, the median sale price for Forest Hill, Jarrettsville, and Northern Harford County Homes was $330,500. This June, the median sale price was $377,000, an increase of 14% or $46,500 compared to last year. The current median sold price is 3% lower than in May.

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


New Listings
79
Current Contracts
55
Sold Vs. List Price
99.1%
Months of Supply
1.8
Up 10%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -0.6%
Vs. Year Ago
Down -28%
Vs. Year Ago

Months of Supply
In June, there was 1.8 months of supply available in Forest Hill, Jarrettsville, and Northern Harford County, compared to 2.5 in June 2018. That is a decrease of 28% 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 79 homes newly listed for sale in Forest Hill, Jarrettsville, and Northern Harford County compared to 72 in June 2018, an increase of 10%. There were 55 current contracts pending sale this June compared to 48 a year ago. The number of current contracts is 15% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Forest Hill, Jarrettsville, and Northern Harford County was 99.1% of the average list price, which is 0.6% lower than at this time last year.

Days on Market
This month, the average number of days on market was 27, which is similar compared to a year ago.

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.