The Long & Foster Market Minute

Focus On: Towson Housing Market April 2019

Zip Code(s): 21286 and 21204
Units Sold
50
Active Inventory
144
Median Sale Price
$263,500
Days On Market
50
Up 22%
Vs. Year Ago
Up 16%
Vs. Year Ago
Down -15%
Vs. Year Ago
Down -9%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 50 sold this month in Towson Real Estate versus 52 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 22% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 20 units or 16%. The total number of active inventory this April was 144 compared to 124 in April 2018. This month's total of 144 is higher than the previous month's total supply of available inventory of 135, an increase of 7%.

Median Sale Price
Last April, the median sale price for Towson Homes was $310,000. This April, the median sale price was $263,500, a decrease of 15% or $46,500 compared to last year. The current median sold price is 13% 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
97
Current Contracts
62
Sold Vs. List Price
98.1%
Months of Supply
2.9
Up 17%
Vs. Year Ago
Up 3%
Vs. Year Ago
No Change
Vs. Year Ago
Down -5%
Vs. Year Ago

Months of Supply
In April, there was 2.9 months of supply available in Towson, compared to 3.0 in April 2018. That is a decrease of 5% 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 97 homes newly listed for sale in Towson compared to 83 in April 2018, an increase of 17%. There were 62 current contracts pending sale this April compared to 60 a year ago. The number of current contracts is 3% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Towson was 98.1% 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 50, lower than the average last year, which was 55, a decrease of 9%.

The Long & Foster Market Minute Towson are defined as properties listed in zip code/s 21286 and 21204.
*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.