TOWSON HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in October, with 37 sold this month in Towson Real Estate. This month's total units sold was higher than at this time last year, an increase from October 2023.

Versus last year, the total number of homes available this month is lower by 17 units or 27%. The total number of active inventory this October was 46 compared to 63 in October 2023. This month's total of 46 is lower than the previous month's total supply of available inventory of 56, a decrease of 18%.

Last October, the median sale price for Towson Homes was $393,000. This October, the median sale price was $360,000, a decrease of 8% or $33,000 compared to last year. The current median sold price is 7% higher than in September.

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

In October, there was 1.2 months of supply available in Towson, compared to 2.5 in October 2023. That is a decrease of 51% 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.

This month there were 43 homes newly listed for sale in Towson, which is similar to the amount in October 2023. There were 43 current contracts pending sale this October compared to 31 a year ago. The number of current contracts is 39% higher than last October.

In October, the average sale price in Towson was 98.3% of the average list price, which is 2.1% lower than at this time last year.

This month, the average number of days on market was 33, higher than the average last year, which was 14. This increase was impacted by the limited number of sales.





FOCUS ON: TOWSON HOUSING MARKET			OCTOBER 2024

Zip Code(s): 21286 and 21204
Units Sold 37	Active Inventory 46	Median Sale Price $360,000	Days On Market 33

Up Vs. Year Ago	Down -27% Vs. Year Ago	Down -8% Vs. Year Ago	Up Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in October, with 37 sold this month in Towson Real Estate. This month's total units sold was higher than at this time last year, an increase from October 2023.
Active Inventory Versus last year, the total number of homes available this month is lower by 17 units or 27%. The total number of active inventory this October was 46 compared to 63 in October 2023. This month's total of 46 is lower than the previous month's total supply of available inventory of 56, a decrease of 18%.
		Median Sale Price Last October, the median sale price for Towson Homes was $393,000. This October, the median sale price was $360,000, a decrease of 8% or $33,000 compared to last year. The current median sold price is 7% higher than in September. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 43	Current Contracts 43	Sold Vs. List Price 98.3%	Months of Supply 1.2

No Change Vs. Year Ago	Up 39% Vs. Year Ago	Down -2.1% Vs. Year Ago	Down -51% Vs. Year Ago


		Months of Supply In October, there was 1.2 months of supply available in Towson, compared to 2.5 in October 2023. That is a decrease of 51% 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 43 homes newly listed for sale in Towson, which is similar to the amount in October 2023. There were 43 current contracts pending sale this October compared to 31 a year ago. The number of current contracts is 39% higher than last October.
		Sale Price to List Price Ratio In October, the average sale price in Towson was 98.3% of the average list price, which is 2.1% lower than at this time last year. Days on Market This month, the average number of days on market was 33, higher than the average last year, which was 14. This increase was impacted by the limited number of sales.


	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.
	Information 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.