The Long & Foster Market Minute

Focus On: Forest Hill, Jarrettsville, and Northern Harford County Housing Market September 2018

Zip Code(s): 21050, 21084, 21154, 21132, 21160 and 21034
Units Sold
28
Active Inventory
174
Median Sale Price
$349,125
Days On Market
35
Down
Vs. Year Ago
Down -15%
Vs. Year Ago
Down -7%
Vs. Year Ago
Down -15%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in September, with 28 sold this month in Forest Hill, Jarrettsville, and Northern Harford County Real Estate. This month's total units sold was lower than at this time last year, a decrease from September 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 31 units or 15%. The total number of active inventory this September was 174 compared to 205 in September 2017. This month's total of 174 is higher than the previous month's total supply of available inventory of 162, an increase of 7%.

Median Sale Price
Last September, the median sale price for Forest Hill, Jarrettsville, and Northern Harford County Homes was $375,000. This September, the median sale price was $349,125, a decrease of 7% or $25,875 compared to last year. The current median sold price is 8% lower than in August.

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
32
Sold Vs. List Price
98.6%
Months of Supply
6.2
Down -18%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 1.5%
Vs. Year Ago
Up 42%
Vs. Year Ago

Months of Supply
In September, there was 6.2 months of supply available in Forest Hill, Jarrettsville, and Northern Harford County, compared to 4.4 in September 2017. That is an increase of 42% 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 83 in September 2017, a decrease of 18%. There were 32 current contracts pending sale this September compared to 36 a year ago. The number of current contracts is 11% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Forest Hill, Jarrettsville, and Northern Harford County was 98.6% of the average list price, which is 1.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 35, lower than the average last year, which was 41, a decrease of 15%.

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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.