The Long & Foster Market Minute

Focus On: Salisbury and Fruitland Housing Market March 2021

Zip Code(s): 21801, 21804 and 21826
Units Sold
84
Active Inventory
106
Median Sale Price
$220,000
Days On Market
44
Up 31%
Vs. Year Ago
Down -59%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -48%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 84 sold this month in Salisbury and Fruitland Real Estate versus 66 last month, an increase of 27%. This month's total units sold was higher than at this time last year, an increase of 31% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 153 units or 59%. The total number of active inventory this March was 106 compared to 259 in March 2020. This month's total of 106 is lower than the previous month's total supply of available inventory of 136, a decrease of 22%.

Median Sale Price
Last March, the median sale price for Salisbury and Fruitland Homes was $194,748. This March, the median sale price was $220,000, an increase of 13% or $25,252 compared to last year. The current median sold price is 25% 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
111
Current Contracts
124
Sold Vs. List Price
99.7%
Months of Supply
1.3
Up 16%
Vs. Year Ago
Up 70%
Vs. Year Ago
Up 2.1%
Vs. Year Ago
Down -69%
Vs. Year Ago

Months of Supply
In March, there was 1.3 months of supply available in Salisbury and Fruitland, compared to 4.0 in March 2020. That is a decrease of 69% 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 111 homes newly listed for sale in Salisbury and Fruitland compared to 96 in March 2020, an increase of 16%. There were 124 current contracts pending sale this March compared to 73 a year ago. The number of current contracts is 70% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Salisbury and Fruitland was 99.7% of the average list price, which is 2.1% higher than at this time last year.

Days on Market
This month, the average number of days on market was 44, lower than the average last year, which was 85, a decrease of 48%.

The Long & Foster Market Minute Salisbury and Fruitland are defined as properties listed in zip code/s 21801, 21804 and 21826.
*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.