STERLING HOUSING MARKET DATA

There was an increase in total units sold in April, with 88 sold this month in Sterling Real Estate versus 80 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 11% versus April 2024.

Versus last year, the total number of homes available this month is lower by 8 units or 8%. The total number of active inventory this April was 98 compared to 106 in April 2024. This month's total of 98 is lower than the previous month's total supply of available inventory of 128, a decrease of 23%.

Last April, the median sale price for Sterling Homes was $660,000. This April, the median sale price was $625,000, a decrease of 5% or $35,000 compared to last year. The current median sold price is 5% 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.

In April, there was 1.1 months of supply available in Sterling, compared to 1.3 in April 2024. That is a decrease of 17% 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 98 homes newly listed for sale in Sterling compared to 139 in April 2024, a decrease of 29%. There were 109 current contracts pending sale this April compared to 113 a year ago. The number of current contracts is 4% lower than last April.

In April, the average sale price in Sterling was 101.4% of the average list price, which is 1.1% lower than at this time last year.

This month, the average number of days on market was 13, higher than the average last year, which was 11, an increase of 18%.





FOCUS ON: STERLING HOUSING MARKET			APRIL 2025

Zip Code(s): 20165, 20164 and 20166
Units Sold 88	Active Inventory 98	Median Sale Price $625,000	Days On Market 13

Up 11% Vs. Year Ago	Down -8% Vs. Year Ago	Down -5% Vs. Year Ago	Up 18% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 88 sold this month in Sterling Real Estate versus 80 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 11% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 8 units or 8%. The total number of active inventory this April was 98 compared to 106 in April 2024. This month's total of 98 is lower than the previous month's total supply of available inventory of 128, a decrease of 23%.
		Median Sale Price Last April, the median sale price for Sterling Homes was $660,000. This April, the median sale price was $625,000, a decrease of 5% or $35,000 compared to last year. The current median sold price is 5% 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 98	Current Contracts 109	Sold Vs. List Price 101.4%	Months of Supply 1.1

Down -29% Vs. Year Ago	Down -4% Vs. Year Ago	Down -1.1% Vs. Year Ago	Down -17% Vs. Year Ago


		Months of Supply In April, there was 1.1 months of supply available in Sterling, compared to 1.3 in April 2024. That is a decrease of 17% 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 98 homes newly listed for sale in Sterling compared to 139 in April 2024, a decrease of 29%. There were 109 current contracts pending sale this April compared to 113 a year ago. The number of current contracts is 4% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Sterling was 101.4% of the average list price, which is 1.1% lower than at this time last year. Days on Market This month, the average number of days on market was 13, higher than the average last year, which was 11, an increase of 18%.


	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.