The Long & Foster Market Minute

Focus On: Hanover and Linthicum Heights Housing Market July 2019

Zip Code(s): 21076, 21090 and 21077
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 16%
Vs. Year Ago
Down -40%
Vs. Year Ago
Down -6%
Vs. Year Ago
Up 37%
Vs. Year Ago

Units Sold
There was an increase in total units sold in July, with 59 sold this month in Hanover and Linthicum Heights Real Estate versus 57 last month, an increase of 4%. This month's total units sold was higher than at this time last year, an increase of 16% versus July 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 85 units or 40%. The total number of active inventory this July was 128 compared to 213 in July 2018. This month's total of 128 is lower than the previous month's total supply of available inventory of 154, a decrease of 17%.

Median Sale Price
Last July, the median sale price for Hanover and Linthicum Heights Homes was $379,000. This July, the median sale price was $355,000, a decrease of 6% or $24,000 compared to last year. The current median sold price is 9% lower than in June.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 12%
Vs. Year Ago
Up 86%
Vs. Year Ago
No Change
Vs. Year Ago
Down -48%
Vs. Year Ago

Months of Supply
In July, there was 2.2 months of supply available in Hanover and Linthicum Heights, compared to 4.2 in July 2018. That is a decrease of 48% 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 77 homes newly listed for sale in Hanover and Linthicum Heights compared to 69 in July 2018, an increase of 12%. There were 69 current contracts pending sale this July compared to 37 a year ago. The number of current contracts is 86% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in Hanover and Linthicum Heights was 100.0% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 41, higher than the average last year, which was 30, an increase of 37%.

The Long & Foster Market Minute Hanover and Linthicum Heights are defined as properties listed in zip code/s 21076, 21090 and 21077.
*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.