The Long & Foster Market Minute

Focus On: Nottingham and Perry Hall Housing Market April 2019

Zip Code(s): 21236 and 21128
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -23%
Vs. Year Ago
Down -4%
Vs. Year Ago
Down -7%
Vs. Year Ago
Up 72%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 56 sold this month in Nottingham and Perry Hall Real Estate versus 66 last month, a decrease of 15%. This month's total units sold was lower than at this time last year, a decrease of 23% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 7 units or 4%. The total number of active inventory this April was 149 compared to 156 in April 2018. This month's total of 149 is lower than the previous month's total supply of available inventory of 152, a decrease of 2%.

Median Sale Price
Last April, the median sale price for Nottingham and Perry Hall Homes was $260,000. This April, the median sale price was $242,950, a decrease of 7% or $17,050 compared to last year. The current median sold price is 4% lower than in March.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 23%
Vs. Year Ago
Up 31%
Vs. Year Ago
No Change
Vs. Year Ago
Up 24%
Vs. Year Ago

Months of Supply
In April, there was 2.7 months of supply available in Nottingham and Perry Hall, compared to 2.1 in April 2018. That is an increase of 25% 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 129 homes newly listed for sale in Nottingham and Perry Hall compared to 105 in April 2018, an increase of 23%. There were 102 current contracts pending sale this April compared to 78 a year ago. The number of current contracts is 31% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Nottingham and Perry Hall was 99.1% 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 62, higher than the average last year, which was 36, an increase of 72%.

The Long & Foster Market Minute Nottingham and Perry Hall are defined as properties listed in zip code/s 21236 and 21128.
*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.
REALTOR, Equal Opportunity HousingInformation 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.