(Note - All figures are compared to April of 2011)
Units Sold - 484, up 3%
Active Inventory - 2817, down 24% (3865 units)
Median Sale Price - $300,000, up 11% ($270,000)
Days on Market - 105, no change
New Listings - 874, down 15% (1,031)
Current Contracts - 639, up 30% (492)
Sold vs. List Price - 95.9%, down .5%
Months of Supply - 5.8, down 29%
(Months of supply is calculated by dividing current inventory by current sales. Months of supply indicates how many months would be needed to sell all of the inventory available at current rate of demand.)
If you are interested in a market update for your area, just let me know.
Stay on Top of the Market,
Erik Hart
REALTOR®, BPI Analyst
Severna Park Sales
Long and Foster Realtors
410-544-4000 Office
443-889-6860 Cell
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