The Long & Foster Market Minute

Focus On: Parkville Housing Market April 2019

Zip Code(s): 21234
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -13%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 38%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 76 sold this month in Parkville Real Estate versus 60 last month, an increase of 27%. This month's total units sold was lower than at this time last year, a decrease of 13% 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 189 compared to 196 in April 2018. This month's total of 189 is lower than the previous month's total supply of available inventory of 203, a decrease of 7%.

Median Sale Price
Last April, the median sale price for Parkville Homes was $197,000. This April, the median sale price was $209,950, an increase of 7% or $12,950 compared to last year. The current median sold price is 5% 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 19%
Vs. Year Ago
Up 27%
Vs. Year Ago
No Change
Vs. Year Ago
Up 11%
Vs. Year Ago

Months of Supply
In April, there was 2.5 months of supply available in Parkville, compared to 2.3 in April 2018. That is an increase of 10% 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 145 homes newly listed for sale in Parkville compared to 122 in April 2018, an increase of 19%. There were 127 current contracts pending sale this April compared to 100 a year ago. The number of current contracts is 27% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Parkville was 98.8% 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 54, higher than the average last year, which was 39, an increase of 38%.

The Long & Foster Market Minute Parkville are defined as properties listed in zip code/s 21234.
*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.