The Long & Foster Market Minute

Focus On: Towson Housing Market March 2021

Zip Code(s): 21286 and 21204
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -13%
Vs. Year Ago
Down -60%
Vs. Year Ago
Up 20%
Vs. Year Ago
Down -6%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in March, with 40 sold this month in Towson Real Estate versus 52 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 13% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 64 units or 60%. The total number of active inventory this March was 42 compared to 106 in March 2020. This month's total of 42 is higher than the previous month's total supply of available inventory of 36, an increase of 17%.

Median Sale Price
Last March, the median sale price for Towson Homes was $262,750. This March, the median sale price was $315,600, an increase of 20% or $52,850 compared to last year. The current median sold price is 7% 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
Current Contracts
Sold Vs. List Price
Months of Supply
Down -11%
Vs. Year Ago
Up 28%
Vs. Year Ago
Up 1.8%
Vs. Year Ago
Down -54%
Vs. Year Ago

Months of Supply
In March, there was 1.1 months of supply available in Towson, compared to 2.3 in March 2020. That is a decrease of 54% 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 73 homes newly listed for sale in Towson compared to 82 in March 2020, a decrease of 11%. There were 60 current contracts pending sale this March compared to 47 a year ago. The number of current contracts is 28% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Towson was 100.8% of the average list price, which is 1.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 32, lower than the average last year, which was 34, a decrease of 6%.

The Long & Foster Market Minute Towson are defined as properties listed in zip code/s 21286 and 21204.
*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.