The Long & Foster Market Minute

Focus On: Rosedale Housing Market July 2018

Zip Code(s): 21237
Units Sold
45
Active Inventory
94
Median Sale Price
$219,900
Days On Market
42
Up
Vs. Year Ago
Down -20%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -9%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in July, with 45 sold this month in Rosedale Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 24 units or 20%. The total number of active inventory this July was 94 compared to 118 in July 2017. This month's total of 94 is lower than the previous month's total supply of available inventory of 97, a decrease of 3%.

Median Sale Price
Last July, the median sale price for Rosedale Homes was $210,000. This July, the median sale price was $219,900, an increase of 5% or $9,900 compared to last year. The current median sold price is 3% higher than in June.

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


New Listings
47
Current Contracts
35
Sold Vs. List Price
98.3%
Months of Supply
2.1
Up 9%
Vs. Year Ago
Up 13%
Vs. Year Ago
No Change
Vs. Year Ago
Down -59%
Vs. Year Ago

Months of Supply
In July, there was 2.1 months of supply available in Rosedale, compared to 5.1 in July 2017. That is a decrease of 59% 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 47 homes newly listed for sale in Rosedale compared to 43 in July 2017, an increase of 9%. There were 35 current contracts pending sale this July compared to 31 a year ago. The number of current contracts is 13% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in Rosedale was 98.3% 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 42, lower than the average last year, which was 46, a decrease of 9%.

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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.