The Long & Foster Market Minute

Focus On: Nottingham and Perry Hall Housing Market September 2019

Zip Code(s): 21236 and 21128
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -18%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 50%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 51 sold this month in Nottingham and Perry Hall Real Estate versus 66 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 18% versus September 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 22 units or 11%. The total number of active inventory this September was 179 compared to 201 in September 2018. This month's total of 179 is lower than the previous month's total supply of available inventory of 192, a decrease of 7%.

Median Sale Price
Last September, the median sale price for Nottingham and Perry Hall Homes was $235,000. This September, the median sale price was $239,900, an increase of 2% or $4,900 compared to last year. The current median sold price is 9% lower than in August.

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 12%
Vs. Year Ago
Up 25%
Vs. Year Ago
Down -0.5%
Vs. Year Ago
Up 8%
Vs. Year Ago

Months of Supply
In September, there was 3.5 months of supply available in Nottingham and Perry Hall, compared to 3.2 in September 2018. That is an increase of 8% 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 106 homes newly listed for sale in Nottingham and Perry Hall compared to 95 in September 2018, an increase of 12%. There were 74 current contracts pending sale this September compared to 59 a year ago. The number of current contracts is 25% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Nottingham and Perry Hall was 98.8% of the average list price, which is 0.5% lower than at this time last year.

Days on Market
This month, the average number of days on market was 45, higher than the average last year, which was 30, an increase of 50%.

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.