The Long & Foster Market Minute

Focus On: Rosedale Housing Market June 2020

Zip Code(s): 21237
Units Sold
38
Active Inventory
52
Median Sale Price
$225,250
Days On Market
37
Up
Vs. Year Ago
Down -47%
Vs. Year Ago
Down -2%
Vs. Year Ago
Down -20%
Vs. Year Ago

Units Sold
With relatively few transactions, there was an increase in total units sold in June, with 38 sold this month in Rosedale Real Estate. This month's total units sold was higher than at this time last year, an increase from June 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 47 units or 47%. The total number of active inventory this June was 52 compared to 99 in June 2019. This month's total of 52 is higher than the previous month's total supply of available inventory of 50, an increase of 4%.

Median Sale Price
Last June, the median sale price for Rosedale Homes was $229,900. This June, the median sale price was $225,250, a decrease of 2% or $4,650 compared to last year. The current median sold price is 4% lower than in May.

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


New Listings
48
Current Contracts
37
Sold Vs. List Price
99.4%
Months of Supply
1.4
Down -8%
Vs. Year Ago
Up 6%
Vs. Year Ago
No Change
Vs. Year Ago
Down -63%
Vs. Year Ago

Months of Supply
In June, there was 1.4 months of supply available in Rosedale, compared to 3.7 in June 2019. That is a decrease of 63% 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 48 homes newly listed for sale in Rosedale compared to 52 in June 2019, a decrease of 8%. There were 37 current contracts pending sale this June compared to 35 a year ago. The number of current contracts is 6% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Rosedale was 99.4% 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 37, lower than the average last year, which was 46, a decrease of 20%.

The Long & Foster Market Minute Rosedale are defined as properties listed in zip code/s 21237.
*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.