LAUREL HOUSING MARKET DATA

There was a decrease in total units sold in August, with 94 sold this month in Laurel Real Estate versus 96 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 26% versus August 2024.

Versus last year, the total number of homes available this month is higher by 16 units or 9%. The total number of active inventory this August was 194 compared to 178 in August 2024. This month's total of 194 is lower than the previous month's total supply of available inventory of 223, a decrease of 13%.

Last August, the median sale price for Laurel Homes was $504,990. This August, the median sale price was $481,670, a decrease of 5% or $23,320 compared to last year. The current median sold price is 11% lower than in July.

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

In August, there was 2.1 months of supply available in Laurel, compared to 1.4 in August 2024. That is an increase of 47% 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 112 homes newly listed for sale in Laurel compared to 128 in August 2024, a decrease of 13%. There were 102 current contracts pending sale this August compared to 106 a year ago. The number of current contracts is 4% lower than last August.

In August, the average sale price in Laurel was 100.4% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 18, lower than the average last year, which was 20, a decrease of 10%.





FOCUS ON: LAUREL HOUSING MARKET			AUGUST 2025

Zip Code(s): 20707, 20708, 20723 and 20724
Units Sold 94	Active Inventory 194	Median Sale Price $481,670	Days On Market 18

Down -26% Vs. Year Ago	Up 9% Vs. Year Ago	Down -5% Vs. Year Ago	Down -10% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 94 sold this month in Laurel Real Estate versus 96 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 26% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 16 units or 9%. The total number of active inventory this August was 194 compared to 178 in August 2024. This month's total of 194 is lower than the previous month's total supply of available inventory of 223, a decrease of 13%.
		Median Sale Price Last August, the median sale price for Laurel Homes was $504,990. This August, the median sale price was $481,670, a decrease of 5% or $23,320 compared to last year. The current median sold price is 11% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 112	Current Contracts 102	Sold Vs. List Price 100.4%	Months of Supply 2.1

Down -13% Vs. Year Ago	Down -4% Vs. Year Ago	No Change Vs. Year Ago	Up 47% Vs. Year Ago


		Months of Supply In August, there was 2.1 months of supply available in Laurel, compared to 1.4 in August 2024. That is an increase of 47% 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 112 homes newly listed for sale in Laurel compared to 128 in August 2024, a decrease of 13%. There were 102 current contracts pending sale this August compared to 106 a year ago. The number of current contracts is 4% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Laurel was 100.4% 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 18, lower than the average last year, which was 20, a decrease of 10%.


	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.