The Long & Foster Market Minute

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

Zip Code(s): 21128, 21162, 21087, 21082, 21013, 21057, 21156, 21051 and 21236
Units Sold
119
Active Inventory
246
Median Sale Price
$287,000
Days On Market
39
Up 24%
Vs. Year Ago
Down -16%
Vs. Year Ago
Up 8%
Vs. Year Ago
Down -7%
Vs. Year Ago

Units Sold
There was an increase in total units sold in July, with 119 sold this month in Perry Hall, Nottingham, and Northeastern Baltimore County Real Estate versus 109 last month, an increase of 9%. This month's total units sold was higher than at this time last year, an increase of 24% versus July 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 47 units or 16%. The total number of active inventory this July was 246 compared to 293 in July 2018. This month's total of 246 is lower than the previous month's total supply of available inventory of 267, a decrease of 8%.

Median Sale Price
Last July, the median sale price for Perry Hall, Nottingham, and Northeastern Baltimore County Homes was $265,000. This July, the median sale price was $287,000, an increase of 8% or $22,000 compared to last year. The current median sold price is 3% higher 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
122
Current Contracts
102
Sold Vs. List Price
98.5%
Months of Supply
2.1
Down -9%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -1.2%
Vs. Year Ago
Down -32%
Vs. Year Ago

Months of Supply
In July, there was 2.1 months of supply available in Perry Hall, Nottingham, and Northeastern Baltimore County, compared to 3.1 in July 2018. That is a decrease of 32% 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 122 homes newly listed for sale in Perry Hall, Nottingham, and Northeastern Baltimore County compared to 134 in July 2018, a decrease of 9%. There were 102 current contracts pending sale this July compared to 99 a year ago. The number of current contracts is 3% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in Perry Hall, Nottingham, and Northeastern Baltimore County was 98.5% of the average list price, which is 1.2% lower than at this time last year.

Days on Market
This month, the average number of days on market was 39, lower than the average last year, which was 42, a decrease of 7%.

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.