The Long & Foster Market Minute

Focus On: Mt Washington, Pimlico, and Arlington Housing Market March 2021

Zip Code(s): 21215 and 21209
Units Sold
83
Active Inventory
101
Median Sale Price
$150,450
Days On Market
38
Up 34%
Vs. Year Ago
Down -55%
Vs. Year Ago
Down -12%
Vs. Year Ago
Down -21%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 83 sold this month in Mt Washington, Pimlico, and Arlington Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 124 units or 55%. The total number of active inventory this March was 101 compared to 225 in March 2020. This month's total of 101 is lower than the previous month's total supply of available inventory of 116, a decrease of 13%.

Median Sale Price
Last March, the median sale price for Mt Washington, Pimlico, and Arlington Homes was $170,000. This March, the median sale price was $150,450, a decrease of 12% or $19,550 compared to last year. The current median sold price is 8% lower than in February.

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


New Listings
116
Current Contracts
111
Sold Vs. List Price
101.5%
Months of Supply
1.2
Up 3%
Vs. Year Ago
Up 32%
Vs. Year Ago
Up 3.1%
Vs. Year Ago
Down -66%
Vs. Year Ago

Months of Supply
In March, there was 1.2 months of supply available in Mt Washington, Pimlico, and Arlington, compared to 3.6 in March 2020. That is a decrease of 66% 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
This month there were 116 homes newly listed for sale in Mt Washington, Pimlico, and Arlington compared to 113 in March 2020, an increase of 3%. There were 111 current contracts pending sale this March compared to 84 a year ago. The number of current contracts is 32% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Mt Washington, Pimlico, and Arlington was 101.5% of the average list price, which is 3.1% higher than at this time last year.

Days on Market
This month, the average number of days on market was 38, lower than the average last year, which was 48, a decrease of 21%.

The Long & Foster Market Minute Mt Washington, Pimlico, and Arlington are defined as properties listed in zip code/s 21215 and 21209.
*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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.