The Long & Foster Market Minute

Focus On: Parkville Housing Market July 2019

Zip Code(s): 21234
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -1%
Vs. Year Ago
Down -23%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 49%
Vs. Year Ago

Units Sold
There was an increase in total units sold in July, with 99 sold this month in Parkville Real Estate versus 97 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 1% versus July 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 47 units or 23%. The total number of active inventory this July was 158 compared to 205 in July 2018. This month's total of 158 is lower than the previous month's total supply of available inventory of 196, a decrease of 19%.

Median Sale Price
Last July, the median sale price for Parkville Homes was $208,500. This July, the median sale price was $217,900, an increase of 5% or $9,400 compared to last year. The current median sold price is 1% lower 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 -8%
Vs. Year Ago
Up 12%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Down -22%
Vs. Year Ago

Months of Supply
In July, there was 1.6 months of supply available in Parkville, compared to 2.1 in July 2018. That is a decrease of 22% 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 108 homes newly listed for sale in Parkville compared to 118 in July 2018, a decrease of 8%. There were 103 current contracts pending sale this July compared to 92 a year ago. The number of current contracts is 12% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in Parkville was 100.1% of the average list price, which is 0.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 52, higher than the average last year, which was 35, an increase of 49%.

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.