STERLING HOUSING MARKET DATA

There was an increase in total units sold in May, with 103 sold this month in Sterling Real Estate versus 88 last month, an increase of 17%. This month's total units sold was lower than at this time last year, a decrease of 7% versus May 2024.

Versus last year, the total number of homes available this month is lower by 4 units or 3%. The total number of active inventory this May was 124 compared to 128 in May 2024. This month's total of 124 is lower than the previous month's total supply of available inventory of 129, a decrease of 4%.

Last May, the median sale price for Sterling Homes was $640,000. This May, the median sale price was $640,000, which is similar compared to a year ago. The current median sold price is 2% higher than in April.

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

In May, there was 1.2 months of supply available in Sterling. The amount of supply is similar compared to 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 109 homes newly listed for sale in Sterling compared to 136 in May 2024, a decrease of 20%. There were 90 current contracts pending sale this May compared to 101 a year ago. The number of current contracts is 11% lower than last May.

In May, the average sale price in Sterling was 101.4% of the average list price, which is 0.9% lower than at this time last year.

This month, the average number of days on market was 12, higher than the average last year, which was 8, an increase of 50%.





FOCUS ON: STERLING HOUSING MARKET			MAY 2025

Zip Code(s): 20165, 20164 and 20166
Units Sold 103	Active Inventory 124	Median Sale Price $640,000	Days On Market 12

Down -7% Vs. Year Ago	Down -3% Vs. Year Ago	No Change Vs. Year Ago	Up 50% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 103 sold this month in Sterling Real Estate versus 88 last month, an increase of 17%. This month's total units sold was lower than at this time last year, a decrease of 7% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 4 units or 3%. The total number of active inventory this May was 124 compared to 128 in May 2024. This month's total of 124 is lower than the previous month's total supply of available inventory of 129, a decrease of 4%.
		Median Sale Price Last May, the median sale price for Sterling Homes was $640,000. This May, the median sale price was $640,000, which is similar compared to a year ago. The current median sold price is 2% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 109	Current Contracts 90	Sold Vs. List Price 101.4%	Months of Supply 1.2

Down -20% Vs. Year Ago	Down -11% Vs. Year Ago	Down -0.9% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In May, there was 1.2 months of supply available in Sterling. The amount of supply is similar compared to 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 109 homes newly listed for sale in Sterling compared to 136 in May 2024, a decrease of 20%. There were 90 current contracts pending sale this May compared to 101 a year ago. The number of current contracts is 11% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Sterling was 101.4% of the average list price, which is 0.9% lower than at this time last year. Days on Market This month, the average number of days on market was 12, higher than the average last year, which was 8, an increase of 50%.


	Sterling are defined as properties listed in zip code/s 20165, 20164 and 20166.
	*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.