The Long & Foster Market Minute

Focus On: Rosedale Housing Market March 2019

Zip Code(s): 21237
Units Sold
24
Active Inventory
69
Median Sale Price
$209,000
Days On Market
59
Down -4%
Vs. Year Ago
Down -36%
Vs. Year Ago
No Change
Vs. Year Ago
Down -18%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in March, with 24 sold this month in Rosedale Real Estate versus 26 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 4% versus March 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 38 units or 36%. The total number of active inventory this March was 69 compared to 107 in March 2018. This month's total of 69 is lower than the previous month's total supply of available inventory of 71, a decrease of 3%.

Median Sale Price
Last March, the median sale price for Rosedale Homes was $208,000. This March, the median sale price was $209,000, which is similar compared to a year ago. The current median sold price is 5% higher than in February.

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


New Listings
41
Current Contracts
32
Sold Vs. List Price
100.2%
Months of Supply
2.9
Down -27%
Vs. Year Ago
Up 23%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -33%
Vs. Year Ago

Months of Supply
In March, there was 2.9 months of supply available in Rosedale, compared to 4.3 in March 2018. That is a decrease of 33% 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 41 homes newly listed for sale in Rosedale compared to 56 in March 2018, a decrease of 27%. There were 32 current contracts pending sale this March compared to 26 a year ago. The number of current contracts is 23% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Rosedale was 100.2% of the average list price, which is 1.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 59, lower than the average last year, which was 72, a decrease of 18%.

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.