The Long & Foster Market Minute

Focus On: Hanover and Linthicum Heights Housing Market February 2019

Zip Code(s): 21076, 21090 and 21077
Units Sold
36
Active Inventory
143
Median Sale Price
$370,500
Days On Market
70
Up 20%
Vs. Year Ago
Up 17%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 40%
Vs. Year Ago

Units Sold
There was an increase in total units sold in February, with 36 sold this month in Hanover and Linthicum Heights Real Estate versus 30 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 20% versus February 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 21 units or 17%. The total number of active inventory this February was 143 compared to 122 in February 2018. This month's total of 143 is lower than the previous month's total supply of available inventory of 150, a decrease of 5%.

Median Sale Price
Last February, the median sale price for Hanover and Linthicum Heights Homes was $351,500. This February, the median sale price was $370,500, an increase of 5% or $19,000 compared to last year. The current median sold price is 7% higher than in January.

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


New Listings
67
Current Contracts
50
Sold Vs. List Price
98.9%
Months of Supply
4.0
Up 68%
Vs. Year Ago
Up 56%
Vs. Year Ago
Down -2.3%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In February, there was 4.0 months of supply available in Hanover and Linthicum Heights. The amount of supply is similar compared to 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 67 homes newly listed for sale in Hanover and Linthicum Heights compared to 40 in February 2018, an increase of 68%. There were 50 current contracts pending sale this February compared to 32 a year ago. The number of current contracts is 56% higher than last February.

Sale Price to List Price Ratio
In February, the average sale price in Hanover and Linthicum Heights was 98.9% of the average list price, which is 2.4% lower than at this time last year.

Days on Market
This month, the average number of days on market was 70, higher than the average last year, which was 50, an increase of 40%.

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.