The Long & Foster Market Minute

Focus On: Hanover and Linthicum Heights Housing Market April 2019

Zip Code(s): 21076, 21090 and 21077
Units Sold
70
Active Inventory
163
Median Sale Price
$359,750
Days On Market
40
Up
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -29%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 70 sold this month in Hanover and Linthicum Heights 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 higher by 6 units or 4%. The total number of active inventory this April was 163 compared to 157 in April 2018. This month's supply remained stable as compared to last month.

Median Sale Price
Last April, the median sale price for Hanover and Linthicum Heights Homes was $349,500. This April, the median sale price was $359,750, an increase of 3% or $10,250 compared to last year. The current median sold price is 2% lower than in March.

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


New Listings
123
Current Contracts
79
Sold Vs. List Price
99.4%
Months of Supply
2.3
Up 31%
Vs. Year Ago
Up 55%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -32%
Vs. Year Ago

Months of Supply
In April, there was 2.3 months of supply available in Hanover and Linthicum Heights, compared to 3.4 in April 2018. That is a decrease of 32% 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 123 homes newly listed for sale in Hanover and Linthicum Heights compared to 94 in April 2018, an increase of 31%. There were 79 current contracts pending sale this April compared to 51 a year ago. The number of current contracts remained stable as compared to last April.

Sale Price to List Price Ratio
In April, the average sale price in Hanover and Linthicum Heights was 99.4% of the average list price, which is 1.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 40, lower than the average last year, which was 56, a decrease of 29%.

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.