The Long & Foster Market Minute

Focus On: Nottingham and Perry Hall Housing Market July 2019

Zip Code(s): 21236 and 21128
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 25%
Vs. Year Ago
Down -19%
Vs. Year Ago
Up 8%
Vs. Year Ago
Up 23%
Vs. Year Ago

Units Sold
The number of units sold remained stable in July, with 94 sold this month in Nottingham and Perry Hall Real Estate. This month's total units sold was higher than at this time last year, an increase of 13% versus July 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 35 units or 19%. The total number of active inventory this July was 153 compared to 188 in July 2018. This month's total of 153 is lower than the previous month's total supply of available inventory of 164, a decrease of 7%.

Median Sale Price
Last July, the median sale price for Nottingham and Perry Hall Homes was $240,000. This July, the median sale price was $259,950, an increase of 8% or $19,950 compared to last year. The current median sold price is 4% higher than in June.

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
Down -13%
Vs. Year Ago
Down -5%
Vs. Year Ago
No Change
Vs. Year Ago
Down -35%
Vs. Year Ago

Months of Supply
In July, there was 1.6 months of supply available in Nottingham and Perry Hall, compared to 2.5 in July 2018. That is a decrease of 35% 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 89 homes newly listed for sale in Nottingham and Perry Hall compared to 102 in July 2018, a decrease of 13%. There were 73 current contracts pending sale this July compared to 77 a year ago. The number of current contracts is 5% lower than last July.

Sale Price to List Price Ratio
In July, the average sale price in Nottingham and Perry Hall was 98.6% 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 38, higher than the average last year, which was 31, an increase of 23%.

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.