The Long & Foster Market Minute

Focus On: Perry Hall, Nottingham, and Northeastern Baltimore County Housing Market March 2019

Zip Code(s): 21128, 21162, 21087, 21082, 21013, 21057, 21156, 21051 and 21236
Units Sold
75
Active Inventory
193
Median Sale Price
$275,000
Days On Market
74
Down -12%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 1%
Vs. Year Ago
Up 19%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 75 sold this month in Perry Hall, Nottingham, and Northeastern Baltimore County Real Estate versus 63 last month, an increase of 19%. This month's total units sold was lower than at this time last year, a decrease of 12% versus March 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 20 units or 9%. The total number of active inventory this March was 193 compared to 213 in March 2018. This month's total of 193 is higher than the previous month's total supply of available inventory of 190, an increase of 2%.

Median Sale Price
Last March, the median sale price for Perry Hall, Nottingham, and Northeastern Baltimore County Homes was $272,500. This March, the median sale price was $275,000, an increase of 1% or $2,500 compared to last year. The current median sold price is 22% higher than in February.

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


New Listings
131
Current Contracts
86
Sold Vs. List Price
98.7%
Months of Supply
2.6
Up 7%
Vs. Year Ago
Down -9%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In March, there was 2.6 months of supply available in Perry Hall, Nottingham, and Northeastern Baltimore County. The amount of supply is similar compared to 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 131 homes newly listed for sale in Perry Hall, Nottingham, and Northeastern Baltimore County compared to 122 in March 2018, an increase of 7%. There were 86 current contracts pending sale this March compared to 95 a year ago. The number of current contracts is 9% lower than last March.

Sale Price to List Price Ratio
In March, the average sale price in Perry Hall, Nottingham, and Northeastern Baltimore County was 98.7% 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 74, higher than the average last year, which was 62, an increase of 19%.

The Long & Foster Market Minute Perry Hall, Nottingham, and Northeastern Baltimore County are defined as properties listed in zip code/s 21128, 21162, 21087, 21082, 21013, 21057, 21156, 21051 and 21236.
*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.