The Long & Foster Market Minute
Focus On: Harford County Housing Market April 2013
Units Sold
200
Active Inventory
1,191
Median Sale Price
$230,500
Days On Market
74
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 5%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -22%
Vs. Year Ago
Units Sold
There was an increase in total units sold in April, with 200 sold this month in Harford County Real Estate versus 192 last month, an increase of 4%. This month's total units sold was higher than at this time last year, an increase of 5% versus April 2012.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 236 units or 17%. The total number of active inventory this April was 1,191 compared to 1,427 in April 2012. This month's total of 1,191 is higher than the previous month's total supply of available inventory of 1,164, an increase of 2%.

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Median Sale Price
Last April, the median sale price for Harford County Homes was $223,950. This April, the median sale price was $230,500, an increase of 3% or $6,550 compared to last year. The current median sold price is 2% 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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New Listings
451
Current Contracts
326
Sold Vs. List Price
97.3%
Months of Supply
6.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
No Change
Vs. Year Ago
Up 32%
Vs. Year Ago
No Change
Vs. Year Ago
Down -21%
Vs. Year Ago
Months of Supply
In April, there was 6.0 months of supply available in Harford County, compared to 7.5 in April 2012. That is a decrease of 21% 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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New Listings & Current Contracts
This month there were 451 homes newly listed for sale in Harford County, which is similar to the amount in April 2012. There were 326 current contracts pending sale this April compared to 247 a year ago. The number of current contracts is 32% higher than last April.

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Sale Price to List Price Ratio
In April, the average sale price in Harford County was 97.3% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 74, lower than the average last year, which was 95, a decrease of 22%.

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*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 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.