LAUREL HOUSING MARKET DATA

There was a decrease in total units sold in May, with 79 sold this month in Laurel Real Estate. This month's total units sold was lower than at this time last year.

Versus last year, the total number of homes available this month is lower by 3 units or 2%. The total number of active inventory this May was 157 compared to 160 in May 2024. This month's total of 157 is lower than the previous month's total supply of available inventory of 199, a decrease of 21%.

Last May, the median sale price for Laurel Homes was $540,672. This May, the median sale price was $500,000, a decrease of 8% or $40,672 compared to last year. The current median sold price is 9% lower than in April.

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

In May, there was 2.0 months of supply available in Laurel, compared to 1.2 in May 2024. That is an increase of 61% 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 148 in May 2024, a decrease of 32%. There were 119 current contracts pending sale this May compared to 118 a year ago. The number of current contracts is 1% higher than last May.

In May, the average sale price in Laurel was 101.4% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 19, higher than the average last year, which was 14, an increase of 36%.





FOCUS ON: LAUREL HOUSING MARKET			MAY 2025

Zip Code(s): 20707, 20708, 20723 and 20724
Units Sold 79	Active Inventory 157	Median Sale Price $500,000	Days On Market 19

Down Vs. Year Ago	Down -2% Vs. Year Ago	Down -8% Vs. Year Ago	Up 36% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 79 sold this month in Laurel Real Estate. This month's total units sold was lower than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is lower by 3 units or 2%. The total number of active inventory this May was 157 compared to 160 in May 2024. This month's total of 157 is lower than the previous month's total supply of available inventory of 199, a decrease of 21%.
		Median Sale Price Last May, the median sale price for Laurel Homes was $540,672. This May, the median sale price was $500,000, a decrease of 8% or $40,672 compared to last year. The current median sold price is 9% lower than in April. 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 119	Sold Vs. List Price 101.4%	Months of Supply 2.0

Down -32% Vs. Year Ago	Up 1% Vs. Year Ago	No Change Vs. Year Ago	Up 62% Vs. Year Ago


		Months of Supply In May, there was 2.0 months of supply available in Laurel, compared to 1.2 in May 2024. That is an increase of 61% 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 148 in May 2024, a decrease of 32%. There were 119 current contracts pending sale this May compared to 118 a year ago. The number of current contracts is 1% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Laurel was 101.4% 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 19, higher than the average last year, which was 14, an increase of 36%.


	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.