LAUREL HOUSING MARKET DATA

There was an increase in total units sold in February, with 66 sold this month in Laurel Real Estate versus 60 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 19% versus February 2024.

Versus last year, the total number of homes available this month is higher by 7 units or 5%. The total number of active inventory this February was 139 compared to 132 in February 2024. This month's total of 139 is lower than the previous month's total supply of available inventory of 145, a decrease of 4%.

Last February, the median sale price for Laurel Homes was $478,750. This February, the median sale price was $528,350, an increase of 10% or $49,600 compared to last year. The current median sold price is 5% higher than in January.

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

In February, there was 2.1 months of supply available in Laurel, compared to 1.6 in February 2024. That is an increase of 29% 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 101 homes newly listed for sale in Laurel compared to 110 in February 2024, a decrease of 8%. There were 93 current contracts pending sale this February compared to 89 a year ago. The number of current contracts is 4% higher than last February.

In February, the average sale price in Laurel was 100.0% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 23, higher than the average last year, which was 20, an increase of 15%.





FOCUS ON: LAUREL HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 20707, 20708, 20723 and 20724
Units Sold 66	Active Inventory 139	Median Sale Price $528,350	Days On Market 23

Down -19% Vs. Year Ago	Up 5% Vs. Year Ago	Up 10% Vs. Year Ago	Up 15% Vs. Year Ago


		Units Sold There was an increase in total units sold in February, with 66 sold this month in Laurel Real Estate versus 60 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 19% versus February 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 7 units or 5%. The total number of active inventory this February was 139 compared to 132 in February 2024. This month's total of 139 is lower than the previous month's total supply of available inventory of 145, a decrease of 4%.
		Median Sale Price Last February, the median sale price for Laurel Homes was $478,750. This February, the median sale price was $528,350, an increase of 10% or $49,600 compared to last year. The current median sold price is 5% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 101	Current Contracts 93	Sold Vs. List Price 100.0%	Months of Supply 2.1

Down -8% Vs. Year Ago	Up 4% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 29% Vs. Year Ago


		Months of Supply In February, there was 2.1 months of supply available in Laurel, compared to 1.6 in February 2024. That is an increase of 29% 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 101 homes newly listed for sale in Laurel compared to 110 in February 2024, a decrease of 8%. There were 93 current contracts pending sale this February compared to 89 a year ago. The number of current contracts is 4% higher than last February.
		Sale Price to List Price Ratio In February, the average sale price in Laurel was 100.0% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 23, higher than the average last year, which was 20, an increase of 15%.


	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.