The Long & Foster Market Minute

Focus On: Reisterstown and Glyndon Housing Market March 2021

Zip Code(s): 21136 and 21071
Units Sold
37
Active Inventory
21
Median Sale Price
$350,000
Days On Market
23
Up 9%
Vs. Year Ago
Down -82%
Vs. Year Ago
Down -5%
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 37 sold this month in Reisterstown and Glyndon Real Estate versus 36 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 9% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 98 units or 82%. The total number of active inventory this March was 21 compared to 119 in March 2020. This month's total of 21 is lower than the previous month's total supply of available inventory of 40, a decrease of 48%.

Median Sale Price
Last March, the median sale price for Reisterstown and Glyndon Homes was $369,900. This March, the median sale price was $350,000, a decrease of 5% or $19,900 compared to last year. The current median sold price is 5% higher 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
51
Current Contracts
50
Sold Vs. List Price
100.0%
Months of Supply
0.6
Down -15%
Vs. Year Ago
Down -2%
Vs. Year Ago
No Change
Vs. Year Ago
Down -84%
Vs. Year Ago

Months of Supply
In March, there was 0.6 months of supply available in Reisterstown and Glyndon, compared to 3.5 in March 2020. That is a decrease of 84% 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 51 homes newly listed for sale in Reisterstown and Glyndon compared to 60 in March 2020, a decrease of 15%. There were 50 current contracts pending sale this March compared to 51 a year ago. The number of current contracts is 2% lower than last March.

Sale Price to List Price Ratio
In March, the average sale price in Reisterstown and Glyndon was 100.0% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 23, lower than the average last year, which was 52. This decrease was impacted by the limited number of sales.

The Long & Foster Market Minute Reisterstown and Glyndon are defined as properties listed in zip code/s 21136 and 21071.
*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.