The Long & Foster Market Minute

Focus On: Parkville Housing Market March 2019

Zip Code(s): 21234
Units Sold
59
Active Inventory
175
Median Sale Price
$215,000
Days On Market
75
Down -24%
Vs. Year Ago
Down -12%
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 39%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in March, with 59 sold this month in Parkville Real Estate versus 79 last month, a decrease of 25%. This month's total units sold was lower than at this time last year, a decrease of 24% versus March 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 23 units or 12%. The total number of active inventory this March was 175 compared to 198 in March 2018. This month's total of 175 is higher than the previous month's total supply of available inventory of 168, an increase of 4%.

Median Sale Price
Last March, the median sale price for Parkville Homes was $206,000. This March, the median sale price was approximately the same at $215,000. The current median sold price is 4% higher than in March 2018.

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


New Listings
127
Current Contracts
94
Sold Vs. List Price
99.9%
Months of Supply
3.0
Down -5%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Up 17%
Vs. Year Ago

Months of Supply
In March, there was 3.0 months of supply available in Parkville, compared to 2.5 in March 2018. That is an increase of 17% 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 127 homes newly listed for sale in Parkville compared to 134 in March 2018, a decrease of 5%. There were 94 current contracts pending sale this March compared to 96 a year ago. The number of current contracts is 2% lower than last March.

Sale Price to List Price Ratio
In March, the average sale price in Parkville was 99.9% 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 75, higher than the average last year, which was 54, an increase of 39%.

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.