Harford County Housing Market Data

There was an increase in total units sold in March, with 312 sold this month in Harford County Real Estate. This month's total units sold was lower than at this time last year.

Versus last year, the total number of homes available this month is lower by 90 units or 12%. The total number of active inventory this March was 681 compared to 771 in March 2018. This month's supply remained stable as compared to last month.

Last March, the median sale price for Harford County Homes was $254,000. This March, the median sale price was $246,500, a decrease of 3% or $7,500 compared to last year. The current median sold price is 7% higher than in February.

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

In March, there was 2.2 months of supply available in Harford County, compared to 2.4 in March 2018. That is a decrease of 11% 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.

This month there were 527 homes newly listed for sale in Harford County compared to 467 in March 2018, an increase of 13%. There were 404 current contracts pending sale this March compared to 380 a year ago. The number of current contracts is 6% higher than last March.

In March, the average sale price in Harford County was 98.8% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 49, lower than the average last year, which was 60, a decrease of 18%.





Focus On: Harford County Housing Market			March 2019

Units Sold 312	Active Inventory 681	Median Sale Price $246,500	Days On Market 49

Down -1% Vs. Year Ago	Down -12% Vs. Year Ago	Down -3% Vs. Year Ago	Down -18% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 312 sold this month in Harford County Real Estate. This month's total units sold was lower than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is lower by 90 units or 12%. The total number of active inventory this March was 681 compared to 771 in March 2018. This month's supply remained stable as compared to last month.
		Median Sale Price Last March, the median sale price for Harford County Homes was $254,000. This March, the median sale price was $246,500, a decrease of 3% or $7,500 compared to last year. The current median sold price is 7% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 527	Current Contracts 404	Sold Vs. List Price 98.8%	Months of Supply 2.2

Up 13% Vs. Year Ago	Up 6% Vs. Year Ago	No Change Vs. Year Ago	Down -11% Vs. Year Ago


		Months of Supply In March, there was 2.2 months of supply available in Harford County, compared to 2.4 in March 2018. That is a decrease of 11% 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 527 homes newly listed for sale in Harford County compared to 467 in March 2018, an increase of 13%. There were 404 current contracts pending sale this March compared to 380 a year ago. The number of current contracts is 6% higher than last March.
		Sale Price to List Price Ratio In March, 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 49, lower than the average last year, which was 60, a decrease of 18%.



	*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.