Upper Marlboro Housing Market Data

There was an increase in total units sold in April, with 81 sold this month in Upper Marlboro Real Estate versus 78 last month, an increase of 4%. This month's total units sold was lower than at this time last year, a decrease of 7% versus April 2012.

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Versus last year, the total number of homes available this month is lower by 302 units or 56%. The total number of active inventory this April was 240 compared to 542 in April 2012. This month's total of 240 is lower than the previous month's total supply of available inventory of 288, a decrease of 17%.

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Last April, the median sale price for Upper Marlboro Homes was $225,000. This April, the median sale price was $205,000, a decrease of 9% or $20,000 compared to last year. The current median sold price is 12% 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 3.0 months of supply available in Upper Marlboro, compared to 6.2 in April 2012. That is a decrease of 52% 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 132 homes newly listed for sale in Upper Marlboro compared to 126 in April 2012, an increase of 5%. There were 151 current contracts pending sale this April compared to 110 a year ago. The number of current contracts is 37% 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 Upper Marlboro was 100.0% of the average list price, which is 1.5% higher than at this time last year.

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This month, the average number of days on market was 53, lower than the average last year, which was 91, a decrease of 42%.

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Focus On: Upper Marlboro Housing Market			April 2013
Zip Code(s): 20772 and 20774
Units Sold 81	Active Inventory 240	Median Sale Price $205,000	Days On Market 53

Down -7% Vs. Year Ago	Down -56% Vs. Year Ago	Down -9% Vs. Year Ago	Down -42% Vs. Year Ago

iCharts		Units Sold There was an increase in total units sold in April, with 81 sold this month in Upper Marlboro Real Estate versus 78 last month, an increase of 4%. This month's total units sold was lower than at this time last year, a decrease of 7% 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 302 units or 56%. The total number of active inventory this April was 240 compared to 542 in April 2012. This month's total of 240 is lower than the previous month's total supply of available inventory of 288, a decrease of 17%. 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 Upper Marlboro Homes was $225,000. This April, the median sale price was $205,000, a decrease of 9% or $20,000 compared to last year. The current median sold price is 12% 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 132	Current Contracts 151	Sold Vs. List Price 100.0%	Months of Supply 3.0

Up 5% Vs. Year Ago	Up 37% Vs. Year Ago	Up 1.5% Vs. Year Ago	Down -52% Vs. Year Ago

iCharts		Months of Supply In April, there was 3.0 months of supply available in Upper Marlboro, compared to 6.2 in April 2012. That is a decrease of 52% 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 132 homes newly listed for sale in Upper Marlboro compared to 126 in April 2012, an increase of 5%. There were 151 current contracts pending sale this April compared to 110 a year ago. The number of current contracts is 37% 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 Upper Marlboro was 100.0% of the average list price, which is 1.5% 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 53, lower than the average last year, which was 91, a decrease of 42%. Click here to compare the days on market of this area against other locations.		iCharts



Upper Marlboro are defined as properties listed in zip code/s 20772 and 20774.
*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.