The Long & Foster Market Minute

Focus On: Nottingham and Perry Hall Housing Market March 2019

Zip Code(s): 21236 and 21128
Units Sold
61
Active Inventory
134
Median Sale Price
$252,500
Days On Market
66
Down -10%
Vs. Year Ago
Down -8%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 5%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 61 sold this month in Nottingham and Perry Hall Real Estate versus 50 last month, an increase of 22%. This month's total units sold was lower than at this time last year, a decrease of 10% versus March 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 11 units or 8%. The total number of active inventory this March was 134 compared to 145 in March 2018. This month's total of 134 is higher than the previous month's total supply of available inventory of 131, an increase of 2%.

Median Sale Price
Last March, the median sale price for Nottingham and Perry Hall Homes was $239,950. This March, the median sale price was $252,500, an increase of $12,550 compared to last year. The current median sold price is 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
94
Current Contracts
64
Sold Vs. List Price
98.9%
Months of Supply
2.2
No Change
Vs. Year Ago
Down -15%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In March, there was 2.2 months of supply available in Nottingham and Perry Hall. The amount of supply is similar compared to 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 94 homes newly listed for sale in Nottingham and Perry Hall, which is similar to the amount in March 2018. There were 64 current contracts pending sale this March compared to 75 a year ago. The number of current contracts is 15% lower than last March.

Sale Price to List Price Ratio
In March, the average sale price in Nottingham and Perry Hall was 98.9% 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 66, higher than the average last year, which was 63, an increase of 5%.

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.