The Long & Foster Market Minute

Focus On: Rosedale Housing Market April 2019

Zip Code(s): 21237
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 13%
Vs. Year Ago
Down -27%
Vs. Year Ago
Up 1%
Vs. Year Ago
Up 31%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 26 sold this month in Rosedale Real Estate versus 29 last month, a decrease of 10%. This month's total units sold was higher than at this time last year, an increase of 13% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 28 units or 27%. The total number of active inventory this April was 77 compared to 105 in April 2018. This month's total of 77 is higher than the previous month's total supply of available inventory of 73, an increase of 5%.

Median Sale Price
Last April, the median sale price for Rosedale Homes was $203,000. This April, the median sale price was $205,450, an increase of 1% or $2,450 compared to last year. The current median sold price is 4% lower than in March.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 40%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 1.3%
Vs. Year Ago
Down -35%
Vs. Year Ago

Months of Supply
In April, there was 3.0 months of supply available in Rosedale, compared to 4.6 in April 2018. That is a decrease of 35% 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 59 homes newly listed for sale in Rosedale compared to 42 in April 2018, an increase of 40%. There were 42 current contracts pending sale this April compared to 41 a year ago. The number of current contracts is 2% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Rosedale was 99.6% of the average list price, which is 1.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 80, higher than the average last year, which was 61, an increase of 31%.

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.