The Long & Foster Market Minute

Focus On: Towson Housing Market September 2019

Zip Code(s): 21286 and 21204
Units Sold
52
Active Inventory
139
Median Sale Price
$323,801
Days On Market
43
Up 33%
Vs. Year Ago
Down -19%
Vs. Year Ago
Up 22%
Vs. Year Ago
Up 39%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 52 sold this month in Towson Real Estate versus 59 last month, a decrease of 12%. This month's total units sold was higher than at this time last year, an increase of 33% versus September 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 32 units or 19%. The total number of active inventory this September was 139 compared to 171 in September 2018. This month's total of 139 is lower than the previous month's total supply of available inventory of 156, a decrease of 11%.

Median Sale Price
Last September, the median sale price for Towson Homes was $264,500. This September, the median sale price was $323,801, an increase of 22% or $59,301 compared to last year. The current median sold price is 16% lower than in August.

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


New Listings
64
Current Contracts
49
Sold Vs. List Price
97.3%
Months of Supply
2.7
Down -20%
Vs. Year Ago
Up 26%
Vs. Year Ago
No Change
Vs. Year Ago
Down -39%
Vs. Year Ago

Months of Supply
In September, there was 2.7 months of supply available in Towson, compared to 4.4 in September 2018. That is a decrease of 39% 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 64 homes newly listed for sale in Towson compared to 80 in September 2018, a decrease of 20%. There were 49 current contracts pending sale this September compared to 39 a year ago. The number of current contracts is 26% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Towson was 97.3% 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 43, higher than the average last year, which was 31, an increase of 39%.

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.