The Long & Foster Market Minute

Focus On: Rosedale Housing Market December 2019

Zip Code(s): 21237
Units Sold
32
Active Inventory
77
Median Sale Price
$223,675
Days On Market
89
Up
Vs. Year Ago
Down -13%
Vs. Year Ago
Up 13%
Vs. Year Ago
Up
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in December, with 32 sold this month in Rosedale Real Estate. This month's total units sold was higher than at this time last year, an increase from December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 12 units or 13%. The total number of active inventory this December was 77 compared to 89 in December 2018. This month's total of 77 is lower than the previous month's total supply of available inventory of 104, a decrease of 26%.

Median Sale Price
Last December, the median sale price for Rosedale Homes was $198,500. This December, the median sale price was $223,675, an increase of 13% or $25,175 compared to last year. The current median sold price is 2% higher than in November.

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


New Listings
25
Current Contracts
28
Sold Vs. List Price
99.3%
Months of Supply
2.4
Up 14%
Vs. Year Ago
Up 27%
Vs. Year Ago
No Change
Vs. Year Ago
Down -40%
Vs. Year Ago

Months of Supply
In December, there was 2.4 months of supply available in Rosedale, compared to 4.0 in December 2018. That is a decrease of 41% 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 25 homes newly listed for sale in Rosedale compared to 22 in December 2018, an increase of 14%. There were 28 current contracts pending sale this December compared to 22 a year ago. The number of current contracts is 27% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Rosedale was 99.3% 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 89, higher than the average last year, which was 23. This increase was impacted by the limited number of sales.

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.