The Long & Foster Market Minute

Focus On: Canton, Highlandtown, and Patterson Park Housing Market June 2021

Zip Code(s): 21224
Units Sold
203
Active Inventory
239
Median Sale Price
$265,000
Days On Market
23
Up
Vs. Year Ago
Down -30%
Vs. Year Ago
Down -7%
Vs. Year Ago
Down -60%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 203 sold this month in Canton, Highlandtown, and Patterson Park 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 103 units or 30%. The total number of active inventory this June was 239 compared to 342 in June 2020. This month's total of 239 is higher than the previous month's total supply of available inventory of 210, an increase of 14%.

Median Sale Price
Last June, the median sale price for Canton, Highlandtown, and Patterson Park Homes was $285,000. This June, the median sale price was $265,000, a decrease of 7% or $20,000 compared to last year. The current median sold price is 9% lower 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
260
Current Contracts
187
Sold Vs. List Price
101.0%
Months of Supply
1.2
Up 23%
Vs. Year Ago
Up 16%
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -55%
Vs. Year Ago

Months of Supply
In June, there was 1.2 months of supply available in Canton, Highlandtown, and Patterson Park, compared to 2.6 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 260 homes newly listed for sale in Canton, Highlandtown, and Patterson Park compared to 211 in June 2020, an increase of 23%. There were 187 current contracts pending sale this June compared to 161 a year ago. The number of current contracts is 16% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Canton, Highlandtown, and Patterson Park was 101.0% of the average list price, which is 2.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 23, lower than the average last year, which was 57, a decrease of 60%.

The Long & Foster Market Minute Canton, Highlandtown, and Patterson Park are defined as properties listed in zip code/s 21224.
*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.