Cecil County Housing Market Data

There was an increase in total units sold in April, with 68 sold this month in Cecil County Real Estate versus 64 last month, an increase of 6%. This month's total units sold was higher than at this time last year, an increase of 19% versus April 2012.

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Versus last year, the total number of homes available this month is lower by 18 units or 2%. The total number of active inventory this April was 817 compared to 835 in April 2012. This month's total of 817 is higher than the previous month's total supply of available inventory of 731, an increase of 12%.

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Last April, the median sale price for Cecil County Homes was $224,000. This April, the median sale price was $184,000, a decrease of 18% or $40,000 compared to last year. The current median sold price is 7% 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.

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In April, there was 12.0 months of supply available in Cecil County, compared to 14.6 in April 2012. That is a decrease of 18% 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.

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This month there were 241 homes newly listed for sale in Cecil County compared to 187 in April 2012, an increase of 29%. There were 96 current contracts pending sale this April compared to 65 a year ago. The number of current contracts is 48% higher than last April.

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

In April, the average sale price in Cecil County was 97.0% of the average list price, which is 2.5% higher than at this time last year.

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This month, the average number of days on market was 109, lower than the average last year, which was 144, a decrease of 24%.

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Focus On: Cecil County Housing Market			April 2013
Units Sold 68	Active Inventory 817	Median Sale Price $184,000	Days On Market 109

Up 19% Vs. Year Ago	Down -2% Vs. Year Ago	Down -18% Vs. Year Ago	Down -24% Vs. Year Ago

iCharts		Units Sold There was an increase in total units sold in April, with 68 sold this month in Cecil County Real Estate versus 64 last month, an increase of 6%. This month's total units sold was higher than at this time last year, an increase of 19% 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 18 units or 2%. The total number of active inventory this April was 817 compared to 835 in April 2012. This month's total of 817 is higher than the previous month's total supply of available inventory of 731, an increase of 12%. 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 Cecil County Homes was $224,000. This April, the median sale price was $184,000, a decrease of 18% or $40,000 compared to last year. The current median sold price is 7% 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 241	Current Contracts 96	Sold Vs. List Price 97.0%	Months of Supply 12.0

Up 29% Vs. Year Ago	Up 48% Vs. Year Ago	Up 2.6% Vs. Year Ago	Down -18% Vs. Year Ago

iCharts		Months of Supply In April, there was 12.0 months of supply available in Cecil County, compared to 14.6 in April 2012. That is a decrease of 18% 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 241 homes newly listed for sale in Cecil County compared to 187 in April 2012, an increase of 29%. There were 96 current contracts pending sale this April compared to 65 a year ago. The number of current contracts is 48% 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 Cecil County was 97.0% of the average list price, which is 2.5% higher 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 109, lower than the average last year, which was 144, a decrease of 24%. Click here to compare the days on market of this area against other locations.		iCharts



*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.