LAUREL HOUSING MARKET DATA

There was an increase in total units sold in March, with 80 sold this month in Laurel Real Estate versus 68 last month, an increase of 18%. This month's total units sold was lower than at this time last year, a decrease of 10% versus March 2024.

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 March was 143 compared to 146 in March 2024. This month's total of 143 is lower than the previous month's total supply of available inventory of 167, a decrease of 14%.

Last March, the median sale price for Laurel Homes was $524,900. This March, the median sale price was $532,500, an increase of 1% or $7,600 compared to last year. The current median sold price is 4% higher than in February.

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

In March, there was 1.8 months of supply available in Laurel, compared to 1.6 in March 2024. That is an increase of 9% 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 100 homes newly listed for sale in Laurel compared to 130 in March 2024, a decrease of 23%. There were 102 current contracts pending sale this March compared to 100 a year ago. The number of current contracts is 2% higher than last March.

In March, the average sale price in Laurel was 100.7% of the average list price, which is 1.0% lower than at this time last year.

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			MARCH 2025

Zip Code(s): 20707, 20708, 20723 and 20724
Units Sold 80	Active Inventory 143	Median Sale Price $532,500	Days On Market 18

Down -10% Vs. Year Ago	Down -2% Vs. Year Ago	Up 1% Vs. Year Ago	Down -10% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 80 sold this month in Laurel Real Estate versus 68 last month, an increase of 18%. This month's total units sold was lower than at this time last year, a decrease of 10% versus March 2024.
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 March was 143 compared to 146 in March 2024. This month's total of 143 is lower than the previous month's total supply of available inventory of 167, a decrease of 14%.
		Median Sale Price Last March, the median sale price for Laurel Homes was $524,900. This March, the median sale price was $532,500, an increase of 1% or $7,600 compared to last year. The current median sold price is 4% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 100	Current Contracts 102	Sold Vs. List Price 100.7%	Months of Supply 1.8

Down -23% Vs. Year Ago	Up 2% Vs. Year Ago	Down -1% Vs. Year Ago	Up 9% Vs. Year Ago


		Months of Supply In March, there was 1.8 months of supply available in Laurel, compared to 1.6 in March 2024. That is an increase of 9% 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 100 homes newly listed for sale in Laurel compared to 130 in March 2024, a decrease of 23%. There were 102 current contracts pending sale this March compared to 100 a year ago. The number of current contracts is 2% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Laurel was 100.7% of the average list price, which is 1.0% lower than at this time last year. 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.