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| Focus On: Harford County Housing Market | May 2020 | ||
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| Units Sold 320 |
Active Inventory 429 |
Median Sale Price $285,500 |
Days On Market 26 |
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| Down -23% Vs. Year Ago |
Down -52% Vs. Year Ago |
Up 5% Vs. Year Ago |
Down -19% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in May, with 320 sold this month in Harford County Real Estate versus 322 last month, a decrease of 1%. This month's total units sold was lower than at this time last year, a decrease of 23% versus May 2019. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 468 units or 52%. The total number of active inventory this May was 429 compared to 897 in May 2019. This month's total of 429 is lower than the previous month's total supply of available inventory of 515, a decrease of 17%. |
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Median Sale Price
Last May, the median sale price for Harford County Homes was $272,250. This May, the median sale price was $285,500, an increase of 5% or $13,250 compared to last year. The current median sold price is 2% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 452 |
Current Contracts 462 |
Sold Vs. List Price 99.4% |
Months of Supply 1.3 |
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| Down -29% Vs. Year Ago |
Up 5% Vs. Year Ago |
No Change Vs. Year Ago |
Down -38% Vs. Year Ago |
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Months of Supply
In May, there was 1.3 months of supply available in Harford County, compared to 2.2 in May 2019. That is a decrease of 38% 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. |
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New Listings & Current Contracts
This month there were 452 homes newly listed for sale in Harford County compared to 637 in May 2019, a decrease of 29%. There were 462 current contracts pending sale this May compared to 442 a year ago. The number of current contracts is 5% higher than last May. |
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Sale Price to List Price Ratio
In May, 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 26, lower than the average last year, which was 32, a decrease of 19%. | |||
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| *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. | |||
 Information 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. |
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