The Long & Foster Market Minute

Focus On: Harford County Housing Market September 2019

Units Sold
308
Active Inventory
875
Median Sale Price
$275,000
Days On Market
34
Up 7%
Vs. Year Ago
Down -15%
Vs. Year Ago
Up 12%
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 308 sold this month in Harford County Real Estate versus 414 last month, a decrease of 26%. This month's total units sold was higher than at this time last year, an increase of 7% versus September 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 156 units or 15%. The total number of active inventory this September was 875 compared to 1,031 in September 2018. This month's total of 875 is lower than the previous month's total supply of available inventory of 944, a decrease of 7%.

Median Sale Price
Last September, the median sale price for Harford County Homes was $246,000. This September, the median sale price was approximately the same at $275,000. The current median sold price is 12% higher than in September 2018.

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


New Listings
462
Current Contracts
355
Sold Vs. List Price
98.7%
Months of Supply
2.8
Up 14%
Vs. Year Ago
Up 34%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
Down -20%
Vs. Year Ago

Months of Supply
In September, there was 2.8 months of supply available in Harford County, compared to 3.6 in September 2018. That is a decrease of 20% 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 462 homes newly listed for sale in Harford County compared to 406 in September 2018, an increase of 14%. There were 355 current contracts pending sale this September compared to 265 a year ago. The number of current contracts is 34% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Harford County was 98.7% of the average list price, which is 0.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 34, which is similar compared to a year ago.

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.