LAUREL HOUSING MARKET DATA

There was a decrease in total units sold in July, with 94 sold this month in Laurel Real Estate versus 113 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 24% versus July 2024.

Versus last year, the total number of homes available this month is higher by 14 units or 8%. The total number of active inventory this July was 193 compared to 179 in July 2024. This month's total of 193 is higher than the previous month's total supply of available inventory of 189, an increase of 2%.

Last July, the median sale price for Laurel Homes was $502,500. This July, the median sale price was $540,000, an increase of 7% or $37,500 compared to last year. The current median sold price is 2% 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.

In July, there was 2.1 months of supply available in Laurel, compared to 1.4 in July 2024. That is an increase of 42% 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 109 homes newly listed for sale in Laurel compared to 146 in July 2024, a decrease of 25%. There were 83 current contracts pending sale this July compared to 120 a year ago. The number of current contracts is 31% lower than last July.

In July, the average sale price in Laurel was 100.3% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 22, higher than the average last year, which was 15, an increase of 47%.





FOCUS ON: LAUREL HOUSING MARKET			JULY 2025

Zip Code(s): 20707, 20708, 20723 and 20724
Units Sold 94	Active Inventory 193	Median Sale Price $540,000	Days On Market 22

Down -24% Vs. Year Ago	Up 8% Vs. Year Ago	Up 7% Vs. Year Ago	Up 47% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 94 sold this month in Laurel Real Estate versus 113 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 24% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 14 units or 8%. The total number of active inventory this July was 193 compared to 179 in July 2024. This month's total of 193 is higher than the previous month's total supply of available inventory of 189, an increase of 2%.
		Median Sale Price Last July, the median sale price for Laurel Homes was $502,500. This July, the median sale price was $540,000, an increase of 7% or $37,500 compared to last year. The current median sold price is 2% 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.



New Listings 109	Current Contracts 83	Sold Vs. List Price 100.3%	Months of Supply 2.1

Down -25% Vs. Year Ago	Down -31% Vs. Year Ago	No Change Vs. Year Ago	Up 42% Vs. Year Ago


		Months of Supply In July, there was 2.1 months of supply available in Laurel, compared to 1.4 in July 2024. That is an increase of 42% 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 109 homes newly listed for sale in Laurel compared to 146 in July 2024, a decrease of 25%. There were 83 current contracts pending sale this July compared to 120 a year ago. The number of current contracts is 31% lower than last July.
		Sale Price to List Price Ratio In July, the average sale price in Laurel was 100.3% 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 22, higher than the average last year, which was 15, an increase of 47%.


	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.