Parkville Housing Market Data

There was a decrease in total units sold in September, with 66 sold this month in Parkville Real Estate versus 100 last month, a decrease of 34%. This month's total units sold was lower than at this time last year, a decrease of 1% versus September 2018.

Versus last year, the total number of homes available this month is lower by 46 units or 21%. The total number of active inventory this September was 177 compared to 223 in September 2018. This month's total of 177 is lower than the previous month's total supply of available inventory of 186, a decrease of 5%.

Last September, the median sale price for Parkville Homes was $200,000. This September, the median sale price was $222,270, an increase of 11% or $22,270 compared to last year. The current median sold price is 4% higher 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.

In September, there was 2.7 months of supply available in Parkville, compared to 3.3 in September 2018. That is a decrease of 19% 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.

This month there were 109 homes newly listed for sale in Parkville compared to 103 in September 2018, an increase of 6%. There were 75 current contracts pending sale this September compared to 68 a year ago. The number of current contracts is 10% higher than last September.

In September, the average sale price in Parkville was 99.3% of the average list price, which is 1.6% higher than at this time last year.

This month, the average number of days on market was 43, higher than the average last year, which was 37, an increase of 16%.





Focus On: Parkville Housing Market			September 2019

Zip Code(s): 21234
Units Sold 66	Active Inventory 177	Median Sale Price $222,270	Days On Market 43

Down -1% Vs. Year Ago	Down -21% Vs. Year Ago	Up 11% Vs. Year Ago	Up 16% Vs. Year Ago


		Units Sold There was a decrease in total units sold in September, with 66 sold this month in Parkville Real Estate versus 100 last month, a decrease of 34%. This month's total units sold was lower than at this time last year, a decrease of 1% versus September 2018.
Active Inventory Versus last year, the total number of homes available this month is lower by 46 units or 21%. The total number of active inventory this September was 177 compared to 223 in September 2018. This month's total of 177 is lower than the previous month's total supply of available inventory of 186, a decrease of 5%.
		Median Sale Price Last September, the median sale price for Parkville Homes was $200,000. This September, the median sale price was $222,270, an increase of 11% or $22,270 compared to last year. The current median sold price is 4% higher 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 109	Current Contracts 75	Sold Vs. List Price 99.3%	Months of Supply 2.7

Up 6% Vs. Year Ago	Up 10% Vs. Year Ago	Up 1.6% Vs. Year Ago	Down -20% Vs. Year Ago


		Months of Supply In September, there was 2.7 months of supply available in Parkville, compared to 3.3 in September 2018. That is a decrease of 19% 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 109 homes newly listed for sale in Parkville compared to 103 in September 2018, an increase of 6%. There were 75 current contracts pending sale this September compared to 68 a year ago. The number of current contracts is 10% higher than last September.
		Sale Price to List Price Ratio In September, the average sale price in Parkville was 99.3% of the average list price, which is 1.6% higher than at this time last year. Days on Market This month, the average number of days on market was 43, higher than the average last year, which was 37, an increase of 16%.


	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.
	Information 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.