The Long & Foster Market Minute

Focus On: Hanover and Linthicum Heights Housing Market September 2019

Zip Code(s): 21076, 21090 and 21077
Units Sold
48
Active Inventory
145
Median Sale Price
$356,000
Days On Market
51
Up 26%
Vs. Year Ago
Down -18%
Vs. Year Ago
Up 1%
Vs. Year Ago
Up 13%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 48 sold this month in Hanover and Linthicum Heights Real Estate versus 70 last month, a decrease of 31%. This month's total units sold was higher than at this time last year, an increase of 26% versus September 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 32 units or 18%. The total number of active inventory this September was 145 compared to 177 in September 2018. This month's total of 145 is lower than the previous month's total supply of available inventory of 174, a decrease of 17%.

Median Sale Price
Last September, the median sale price for Hanover and Linthicum Heights Homes was $353,148. This September, the median sale price was $356,000, an increase of 1% or $2,852 compared to last year. The current median sold price is 6% 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
76
Current Contracts
58
Sold Vs. List Price
99.8%
Months of Supply
3.0
Up 25%
Vs. Year Ago
Up 66%
Vs. Year Ago
Down -1.1%
Vs. Year Ago
Down -35%
Vs. Year Ago

Months of Supply
In September, there was 3.0 months of supply available in Hanover and Linthicum Heights, compared to 4.7 in September 2018. That is a decrease of 35% 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 76 homes newly listed for sale in Hanover and Linthicum Heights compared to 61 in September 2018, an increase of 25%. There were 58 current contracts pending sale this September compared to 35 a year ago. The number of current contracts is 66% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Hanover and Linthicum Heights was 99.8% of the average list price, which is 1.1% lower than at this time last year.

Days on Market
This month, the average number of days on market was 51, higher than the average last year, which was 45, an increase of 13%.

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.