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| JULY 2024 | |||
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| Zip Code(s): 20707, 20708, 20723 and 20724 | |||
| Units Sold 116 |
Active Inventory 129 |
Median Sale Price $484,160 |
Days On Market 13 |
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| No Change Vs. Year Ago |
Down -16% Vs. Year Ago |
Down -1% Vs. Year Ago |
Down -7% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in July, with 116 sold this month in Laurel Real Estate, an increase of 1%. This month's total units sold is similar compared to a year ago. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 24 units or 16%. The total number of active inventory this July was 129 compared to 153 in July 2023. This month's total of 129 is lower than the previous month's total supply of available inventory of 163, a decrease of 21%. |
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Median Sale Price
Last July, the median sale price for Laurel Homes was $489,995. This July, the median sale price was $484,160, a decrease of 1% or $5,835 compared to last year. The current median sold price is 11% lower than in June. 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 122 |
Current Contracts 127 |
Sold Vs. List Price 100.6% |
Months of Supply 1.1 |
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| Down -2% Vs. Year Ago |
Up 32% Vs. Year Ago |
No Change Vs. Year Ago |
Down -16% Vs. Year Ago |
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Months of Supply
In July, there was 1.1 months of supply available in Laurel, compared to 1.3 in July 2023. That is a decrease of 16% 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 122 homes newly listed for sale in Laurel compared to 125 in July 2023, a decrease of 2%. There were 127 current contracts pending sale this July compared to 96 a year ago. The number of current contracts is 32% higher than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Laurel was 100.6% 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 13, lower than the average last year, which was 14, a decrease of 7%. | |||
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Laurel are defined as properties listed in zip code/s 20707, 20708, 20723 and 20724. | ||
| *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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