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| Focus On: Harford County Housing Market | December 2019 | ||
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| Units Sold 340 |
Active Inventory 600 |
Median Sale Price $285,000 |
Days On Market 45 |
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| Up 26% Vs. Year Ago |
Down -36% Vs. Year Ago |
Up 28% Vs. Year Ago |
Down -10% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in December, with 340 sold this month in Harford County Real Estate versus 295 last month, an increase of 15%. This month's total units sold was higher than at this time last year, an increase of 26% versus December 2018. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 336 units or 36%. The total number of active inventory this December was 600 compared to 936 in December 2018. This month's total of 600 is lower than the previous month's total supply of available inventory of 908, a decrease of 34%. |
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Median Sale Price
Last December, the median sale price for Harford County Homes was $222,750. This December, the median sale price was $285,000, an increase of $62,250 compared to last year. The current median sold price is higher than in November. 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 226 |
Current Contracts 264 |
Sold Vs. List Price 98.8% |
Months of Supply 1.8 |
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| Up 2% Vs. Year Ago |
Up 13% Vs. Year Ago |
No Change Vs. Year Ago |
Down -49% Vs. Year Ago |
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Months of Supply
In December, there was 1.8 months of supply available in Harford County, compared to 3.5 in December 2018. That is a decrease of 49% 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 226 homes newly listed for sale in Harford County compared to 221 in December 2018, an increase of 2%. There were 264 current contracts pending sale this December compared to 234 a year ago. The number of current contracts is 13% higher than last December. |
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Sale Price to List Price Ratio
In December, 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 45, lower than the average last year, which was 50, a decrease of 10%. | |||
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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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