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

There was an increase in total units sold in October, with 44 sold this month in Forest Hill, Jarrettsville, and Northern Harford County Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is lower by 12 units or 8%. The total number of active inventory this October was 144 compared to 156 in October 2017. This month's total of 144 is lower than the previous month's total supply of available inventory of 161, a decrease of 11%.

Last October, the median sale price for Forest Hill, Jarrettsville, and Northern Harford County Homes was $298,500. This October, the median sale price was $286,700, a decrease of 4% or $11,800 compared to last year. The current median sold price is 18% lower than in September.

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

In October, there was 3.3 months of supply available in Forest Hill, Jarrettsville, and Northern Harford County, compared to 4.1 in October 2017. That is a decrease of 20% 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 57 homes newly listed for sale in Forest Hill, Jarrettsville, and Northern Harford County compared to 49 in October 2017, an increase of 16%. There were 46 current contracts pending sale this October compared to 50 a year ago. The number of current contracts is 8% lower than last October.

In October, the average sale price in Forest Hill, Jarrettsville, and Northern Harford County was 98.7% of the average list price, which is 1.5% lower than at this time last year.

This month, the average number of days on market was 64, higher than the average last year, which was 52, an increase of 23%.





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

Zip Code(s): 21050, 21084, 21154, 21132, 21160 and 21034
Units Sold 44	Active Inventory 144	Median Sale Price $286,700	Days On Market 64

Up 16% Vs. Year Ago	Down -8% Vs. Year Ago	Down -4% Vs. Year Ago	Up 23% Vs. Year Ago


		Units Sold There was an increase in total units sold in October, with 44 sold this month in Forest Hill, Jarrettsville, and Northern Harford County Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is lower by 12 units or 8%. The total number of active inventory this October was 144 compared to 156 in October 2017. This month's total of 144 is lower than the previous month's total supply of available inventory of 161, a decrease of 11%.
		Median Sale Price Last October, the median sale price for Forest Hill, Jarrettsville, and Northern Harford County Homes was $298,500. This October, the median sale price was $286,700, a decrease of 4% or $11,800 compared to last year. The current median sold price is 18% lower than in September. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 57	Current Contracts 46	Sold Vs. List Price 98.7%	Months of Supply 3.3

Up 16% Vs. Year Ago	Down -8% Vs. Year Ago	Down -1.5% Vs. Year Ago	Down -20% Vs. Year Ago


		Months of Supply In October, there was 3.3 months of supply available in Forest Hill, Jarrettsville, and Northern Harford County, compared to 4.1 in October 2017. That is a decrease of 20% 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 57 homes newly listed for sale in Forest Hill, Jarrettsville, and Northern Harford County compared to 49 in October 2017, an increase of 16%. There were 46 current contracts pending sale this October compared to 50 a year ago. The number of current contracts is 8% lower than last October.
		Sale Price to List Price Ratio In October, the average sale price in Forest Hill, Jarrettsville, and Northern Harford County was 98.7% of the average list price, which is 1.5% lower than at this time last year. Days on Market This month, the average number of days on market was 64, higher than the average last year, which was 52, an increase of 23%.


	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.