Bel Air Housing Market Data

There was an increase in total units sold in April, with 61 sold this month in Bel Air Real Estate versus 59 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 3% versus April 2012.

Click here to compare the units sold of this area against other locations.

Versus last year, the total number of homes available this month is lower by 27 units or 8%. The total number of active inventory this April was 302 compared to 329 in April 2012. This month's supply remained stable as compared to last month.

Click here to compare the active inventory of this area against other locations.

Last April, the median sale price for Bel Air Homes was $279,000. This April, the median sale price was $235,000, a decrease of 16% or $44,000 compared to last year. The current median sold price is 11% 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.

Click here to compare the median sale price of this area against other locations.

In April, there was 5.0 months of supply available in Bel Air, compared to 5.6 in April 2012. That is a decrease of 11% 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.

Click here to compare the months of supply of this area against other locations.

This month there were 135 homes newly listed for sale in Bel Air, which is similar to the amount in April 2012. There were 106 current contracts pending sale this April compared to 91 a year ago. The number of current contracts is 16% higher than last April.

Click here to compare the new listings of this area against other locations.

Click here to compare the current contracts of this area against other locations.

In April, the average sale price in Bel Air was 97.0% of the average list price, which is 0.5% lower than at this time last year.

Click here to compare the sale price to list price ratio of this area against other locations.

This month, the average number of days on market was 75, which is similar compared to a year ago.

Click here to compare the days on market of this area against other locations.




Focus On: Bel Air Housing Market			April 2013
Zip Code(s): 21014 and 21015
Units Sold 61	Active Inventory 302	Median Sale Price $235,000	Days On Market 75

Up 3% Vs. Year Ago	Down -8% Vs. Year Ago	Down -16% Vs. Year Ago	No Change Vs. Year Ago

iCharts		Units Sold There was an increase in total units sold in April, with 61 sold this month in Bel Air Real Estate versus 59 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 3% versus April 2012. Click here to compare the units sold of this area against other locations.
Active Inventory Versus last year, the total number of homes available this month is lower by 27 units or 8%. The total number of active inventory this April was 302 compared to 329 in April 2012. This month's supply remained stable as compared to last month. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last April, the median sale price for Bel Air Homes was $279,000. This April, the median sale price was $235,000, a decrease of 16% or $44,000 compared to last year. The current median sold price is 11% 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. Click here to compare the median sale price of this area against other locations.



New Listings 135	Current Contracts 106	Sold Vs. List Price 97.0%	Months of Supply 5.0

No Change Vs. Year Ago	Up 16% Vs. Year Ago	Down -0.5% Vs. Year Ago	Down -11% Vs. Year Ago

iCharts		Months of Supply In April, there was 5.0 months of supply available in Bel Air, compared to 5.6 in April 2012. That is a decrease of 11% 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. Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts This month there were 135 homes newly listed for sale in Bel Air, which is similar to the amount in April 2012. There were 106 current contracts pending sale this April compared to 91 a year ago. The number of current contracts is 16% higher than last April. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		Sale Price to List Price Ratio In April, the average sale price in Bel Air was 97.0% of the average list price, which is 0.5% lower than at this time last year. Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market This month, the average number of days on market was 75, which is similar compared to a year ago. Click here to compare the days on market of this area against other locations.		iCharts



Bel Air are defined as properties listed in zip code/s 21014 and 21015.
*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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.