The Long & Foster Market Minute

Focus On: Parkville Housing Market May 2020

Zip Code(s): 21234
Units Sold
80
Active Inventory
91
Median Sale Price
$230,450
Days On Market
29
Down -34%
Vs. Year Ago
Down -56%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 12%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in May, with 80 sold this month in Parkville Real Estate versus 94 last month, a decrease of 15%. This month's total units sold was lower than at this time last year, a decrease of 34% versus May 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 115 units or 56%. The total number of active inventory this May was 91 compared to 206 in May 2019. This month's total of 91 is lower than the previous month's total supply of available inventory of 124, a decrease of 27%.

Median Sale Price
Last May, the median sale price for Parkville Homes was $219,900. This May, the median sale price was $230,450, an increase of 5% or $10,550 compared to last year. The current median sold price is 3% higher than in April.

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


New Listings
100
Current Contracts
116
Sold Vs. List Price
99.2%
Months of Supply
1.1
Down -25%
Vs. Year Ago
Down -1%
Vs. Year Ago
No Change
Vs. Year Ago
Down -33%
Vs. Year Ago

Months of Supply
In May, there was 1.1 months of supply available in Parkville, compared to 1.7 in May 2019. That is a decrease of 33% 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 100 homes newly listed for sale in Parkville compared to 133 in May 2019, a decrease of 25%. There were 116 current contracts pending sale this May compared to 117 a year ago. The number of current contracts is 1% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Parkville was 99.2% 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 29, higher than the average last year, which was 26, an increase of 12%.

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.