The Long & Foster Market Minute

Focus On: Rockville Housing Market April 2019

Zip Code(s): 20850, 20851, 20852, 20853 and 20896
Units Sold
164
Active Inventory
279
Median Sale Price
$443,950
Days On Market
40
Up 21%
Vs. Year Ago
Down -13%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 60%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 164 sold this month in Rockville Real Estate versus 123 last month, an increase of 33%. This month's total units sold was higher than at this time last year, an increase of 21% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 40 units or 13%. The total number of active inventory this April was 279 compared to 319 in April 2018. This month's total of 279 is higher than the previous month's total supply of available inventory of 248, an increase of 13%.

Median Sale Price
Last April, the median sale price for Rockville Homes was $500,000. This April, the median sale price was approximately the same at $443,950. The current median sold price is 11% lower than in April 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
241
Current Contracts
164
Sold Vs. List Price
99.5%
Months of Supply
1.7
Down -4%
Vs. Year Ago
Down -2%
Vs. Year Ago
No Change
Vs. Year Ago
Down -28%
Vs. Year Ago

Months of Supply
In April, there was 1.7 months of supply available in Rockville, compared to 2.4 in April 2018. That is a decrease of 28% 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 241 homes newly listed for sale in Rockville compared to 250 in April 2018, a decrease of 4%. There were 164 current contracts pending sale this April compared to 168 a year ago. The number of current contracts is 2% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Rockville was 99.5% 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 40, higher than the average last year, which was 25, an increase of 60%.

The Long & Foster Market Minute Rockville are defined as properties listed in zip code/s 20850, 20851, 20852, 20853 and 20896.
*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.