The Long & Foster Market Minute

Focus On: Harford County Housing Market October 2018

Units Sold
282
Active Inventory
920
Median Sale Price
$239,950
Days On Market
53
Down -10%
Vs. Year Ago
Down -14%
Vs. Year Ago
Down -6%
Vs. Year Ago
Down -21%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 282 sold this month in Harford County Real Estate versus 287 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 10% versus October 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 147 units or 14%. The total number of active inventory this October was 920 compared to 1,067 in October 2017. This month's total of 920 is lower than the previous month's total supply of available inventory of 1,000, a decrease of 8%.

Median Sale Price
Last October, the median sale price for Harford County Homes was $255,000. This October, the median sale price was approximately the same at $239,950. The current median sold price is 6% lower than in October 2017.

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


New Listings
390
Current Contracts
315
Sold Vs. List Price
98.7%
Months of Supply
3.3
Down -7%
Vs. Year Ago
Up 2%
Vs. Year Ago
No Change
Vs. Year Ago
Down -5%
Vs. Year Ago

Months of Supply
In October, there was 3.3 months of supply available in Harford County, compared to 3.4 in October 2017. That is a decrease of 5% 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 390 homes newly listed for sale in Harford County compared to 418 in October 2017, a decrease of 7%. There were 315 current contracts pending sale this October compared to 308 a year ago. The number of current contracts is 2% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Harford County was 98.7% 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 53, lower than the average last year, which was 67, a decrease of 21%.

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.