The Long & Foster Market Minute

Focus On: Rosedale Housing Market September 2019

Zip Code(s): 21237
Units Sold
21
Active Inventory
114
Median Sale Price
$229,000
Days On Market
40
Down -22%
Vs. Year Ago
Up 31%
Vs. Year Ago
Up 8%
Vs. Year Ago
Up 3%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 21 sold this month in Rosedale Real Estate versus 32 last month, a decrease of 34%. This month's total units sold was lower than at this time last year, a decrease of 22% versus September 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 27 units or 31%. The total number of active inventory this September was 114 compared to 87 in September 2018. This month's total of 114 is lower than the previous month's total supply of available inventory of 124, a decrease of 8%.

Median Sale Price
Last September, the median sale price for Rosedale Homes was $213,000. This September, the median sale price was $229,000, an increase of 8% or $16,000 compared to last year. The current median sold price is 11% lower 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
52
Current Contracts
46
Sold Vs. List Price
101.0%
Months of Supply
5.4
Up 58%
Vs. Year Ago
Up 64%
Vs. Year Ago
Up 2.9%
Vs. Year Ago
Up 69%
Vs. Year Ago

Months of Supply
In September, there was 5.4 months of supply available in Rosedale, compared to 3.2 in September 2018. That is an increase of 68% 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 52 homes newly listed for sale in Rosedale compared to 33 in September 2018, an increase of 58%. There were 46 current contracts pending sale this September compared to 28 a year ago. The number of current contracts is 64% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Rosedale was 101.0% of the average list price, which is 2.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 40, higher than the average last year, which was 39, an increase of 3%.

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.