The Long & Foster Market Minute

Focus On: Harford County Housing Market April 2019

Units Sold
297
Active Inventory
762
Median Sale Price
$255,000
Days On Market
44
Down -7%
Vs. Year Ago
Down -7%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -8%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 297 sold this month in Harford County Real Estate versus 338 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 7% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 57 units or 7%. The total number of active inventory this April was 762 compared to 819 in April 2018. This month's total of 762 is higher than the previous month's total supply of available inventory of 750, an increase of 2%.

Median Sale Price
Last April, the median sale price for Harford County Homes was $245,250. This April, the median sale price was $255,000, an increase of 4% or $9,750 compared to last year. The current median sold price is 3% higher 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
568
Current Contracts
436
Sold Vs. List Price
98.8%
Months of Supply
2.6
No Change
Vs. Year Ago
Up 3%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In April, there was 2.6 months of supply available in Harford County. 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 568 homes newly listed for sale in Harford County, which is similar to the amount in April 2018. There were 436 current contracts pending sale this April compared to 424 a year ago. The number of current contracts is 3% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Harford County was 98.8% 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 44, lower than the average last year, which was 48, a decrease of 8%.

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.