The Long & Foster Market Minute

Focus On: Harford County Housing Market July 2019

Units Sold
449
Active Inventory
829
Median Sale Price
$290,000
Days On Market
36
Up 15%
Vs. Year Ago
Down -13%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 6%
Vs. Year Ago

Units Sold
The number of units sold remained stable in July, with 449 sold this month in Harford County Real Estate. This month's total units sold was higher than at this time last year, an increase of 0.2% versus July 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 125 units or 13%. The total number of active inventory this July was 829 compared to 954 in July 2018. This month's total of 829 is lower than the previous month's total supply of available inventory of 892, a decrease of 7%.

Median Sale Price
Last July, the median sale price for Harford County Homes was $260,500. This July, the median sale price was $290,000, an increase of 11% or $29,500 compared to last year. The current median sold price is 2% 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
516
Current Contracts
405
Sold Vs. List Price
99.4%
Months of Supply
1.8
No Change
Vs. Year Ago
Up 20%
Vs. Year Ago
No Change
Vs. Year Ago
Down -24%
Vs. Year Ago

Months of Supply
In July, there was 1.8 months of supply available in Harford County, compared to 2.4 in July 2018. That is a decrease of 24% 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 516 homes newly listed for sale in Harford County, which is similar to the amount in July 2018. There were 405 current contracts pending sale this July compared to 337 a year ago. The number of current contracts is 20% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in Harford County was 99.4% 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 36, higher than the average last year, which was 34, an increase of 6%.

The Long & Foster Market Minute
*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.