Focus On: August 2018 Ellicott City Housing Market

[Pages:2]Focus On: Ellicott City Housing Market

Zip Code(s): 21042 and 21043

Unit s Sold

125

Active Inventory

269

170 150 130 110

90 70 50 30

A-16 D-16 A-17 A-17 D-17 A-18 A-18

400 350 300 250 200 150 100

A-16 D-16 A-17 A-17 D-17 A-18 A-18

Median Sale Price

$495,000

600,000 550,000 500,000 450,000 400,000 350,000 300,000

A-16 D-16 A-17 A-17 D-17 A-18 A-18

August 2018

Days On Market

27

60 55 50 45 40 35 30 25 20 15 10

A-16

D-16

A-17

A-17

D-17

A-18

A-18

Up 3% Vs. Year Ago

Down -13% Vs. Year Ago

Down -4% Vs. Year Ago

Down -10% Vs. Year Ago

Units Sold*

120

Sold Detached

Sold Attached

Sold Condo/ Coop

Unit s Sold

100

There was an increase in total units sold in August, with 125 sold this

80

month in Ellicott City versus 116 last month, an increase of 8%. This month's total units sold was higher than at this time last year, an

60

increase of 3% versus August 2017.

40

20

0

Active Inventory*

Active Detached

Active Attached

Active Condo/ Coop

400

350

300

250

Active Inventory 200

Versus last year, the total number of homes available this month is 150

lower by 40 units or 13%. The total number of active inventory this 100

August was 269 compared to 309 in August 2017. This month's total of

50

269 is lower than the previous month's total supply of available

0

inventory of 279, a decrease of 4%.

600,000 500,000 400,000 300,000 200,000 100,000

0

Median Sale Price

Aug-17 $517,000

Aug-18 $495,000

Median Sale Price

Last August, the median sale price for Ellicott City Homes was $517,000. This August, the median sale price was $495,000, a decrease of 4% or $22,000 compared to last year. The current median sold price is 7% lower than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

Ellicott City are defined as properties listed in zip code/s 21042 and 21043.

*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.

Long & Foster Real Estate - Columbia Sales Office 10805 Hickory Ridge Road, Columbia, MD 21044 Direct: 410-715-2722 Office: 410-730-3456

Donna Detweiler, Realtor? Donna.Detweiler@

Focus On: Ellicott City Housing Market

Zip Code(s): 21042 and 21043

New Listings

Current Contracts

167

109

290 240 190 140

90 40

A-16 D-16 A-17 A-17 D-17 A-18 A-18

190 170 150 130 110

90 70 50

A-16 D-16 A-17 A-17 D-17 A-18 A-18

Up 18% Vs. Year Ago

Up 16% Vs. Year Ago

Sold Vs. List Price

98.8%

101.0% 100.5% 100.0%

99.5% 99.0% 98.5% 98.0% 97.5% 97.0% 96.5% 96.0%

A-16 D-16 A-17 A-17 D-17 A-18 A-18

No Change Vs. Year Ago

August 2018

Mont hs of Supply

2.2

6.0 5.0 4.0 3.0 2.0 1.0 0.0

A-16 D-16 A-17 A-17 D-17 A-18 A-18

Down -16% Vs. Year Ago

2.8 3.6

2.9 3.4

2.2 3.2 5.2

2.3 3.0

2.0 2.0

2.9 2.6

3.0 3.4

2.9 2.5 2.5

3.4 2.4 2.4 2.3 1.9 2.4 2.2

Months Of Supply

6 5 4 3 2 1 0

Mont hs of Supply

In August, there was 2.2 months of supply available in Ellicott City, compared to 2.6 in August 2017. That is a decrease of 16% 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.

New Listings & Current Contracts

300

Number of New Listings

Total Pending

250

New Listings & Current Contracts 200

This month there were 167 homes newly listed for sale in Ellicott City compared to 142 in August 2017, an increase of 18%. There were 109 150

current contracts pending sale this August compared to 94 a year ago. 100 The number of current contracts is 16% higher than last August.

50

0

101% 101% 100% 100%

99% 99% 98% 98% 97% 97% 96%

Sale Price/ List Price & DOM

Avg Sale / Avg List

Average DOM

60

50 Sale Price to List Price Ratio

40 In August, the average sale price in Ellicott City was 98.8% of the 30 average list price, which is similar compared to a year ago.

20

10 Days On Market

0

This month, the average number of days on market was 27, lower than the average last year, which was 30, a decrease of 10%.

Ellicott City are defined as properties listed in zip code/s 21042 and 21043.

*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.

Long & Foster Real Estate - Columbia Sales Office 10805 Hickory Ridge Road, Columbia, MD 21044 Direct: 410-715-2722 Office: 410-730-3456

Donna Detweiler, Realtor? Donna.Detweiler@

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