The Long & Foster Market Minute

Focus On: Arnold and Broadneck Housing Market June 2021

Zip Code(s): 21409 and 21012
Units Sold
104
Active Inventory
56
Median Sale Price
$487,500
Days On Market
9
Up 20%
Vs. Year Ago
Down -46%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -74%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 104 sold this month in Arnold and Broadneck Real Estate versus 79 last month, an increase of 32%. This month's total units sold was higher than at this time last year, an increase of 20% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 47 units or 46%. The total number of active inventory this June was 56 compared to 103 in June 2020. This month's total of 56 is lower than the previous month's total supply of available inventory of 62, a decrease of 10%.

Median Sale Price
Last June, the median sale price for Arnold and Broadneck Homes was $440,000. This June, the median sale price was $487,500, an increase of 11% or $47,500 compared to last year. The current median sold price is 3% higher than in May.

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


New Listings
98
Current Contracts
83
Sold Vs. List Price
101.2%
Months of Supply
0.5
Down -1%
Vs. Year Ago
Down -19%
Vs. Year Ago
Up 2.1%
Vs. Year Ago
Down -54%
Vs. Year Ago

Months of Supply
In June, there was 0.5 months of supply available in Arnold and Broadneck, compared to 1.2 in June 2020. That is a decrease of 55% 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 98 homes newly listed for sale in Arnold and Broadneck compared to 99 in June 2020, a decrease of 1%. There were 83 current contracts pending sale this June compared to 103 a year ago. The number of current contracts is 19% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Arnold and Broadneck was 101.2% 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 9, lower than the average last year, which was 34, a decrease of 74%.

The Long & Foster Market Minute Arnold and Broadneck are defined as properties listed in zip code/s 21409 and 21012.
*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.