The Long & Foster Market Minute

Focus On: Clinton, Brandywine, and Cheltenham Housing Market June 2021

Zip Code(s): 20735, 20613 and 20623
Units Sold
84
Active Inventory
69
Median Sale Price
$440,000
Days On Market
22
Down -24%
Vs. Year Ago
Down -55%
Vs. Year Ago
Up 17%
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 84 sold this month in Clinton, Brandywine, and Cheltenham Real Estate versus 81 last month, an increase of 4%. This month's total units sold was lower than at this time last year, a decrease of 24% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 86 units or 55%. The total number of active inventory this June was 69 compared to 155 in June 2020. This month's total of 69 is lower than the previous month's total supply of available inventory of 71, a decrease of 3%.

Median Sale Price
Last June, the median sale price for Clinton, Brandywine, and Cheltenham Homes was $377,500. This June, the median sale price was $440,000, an increase of 17% or $62,500 compared to last year. The current median sold price is 5% 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
139
Current Contracts
124
Sold Vs. List Price
102.2%
Months of Supply
0.8
Up 19%
Vs. Year Ago
Up 32%
Vs. Year Ago
Up 2.4%
Vs. Year Ago
Down -42%
Vs. Year Ago

Months of Supply
In June, there was 0.8 months of supply available in Clinton, Brandywine, and Cheltenham, compared to 1.4 in June 2020. That is a decrease of 42% 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 139 homes newly listed for sale in Clinton, Brandywine, and Cheltenham compared to 117 in June 2020, an increase of 19%. There were 124 current contracts pending sale this June compared to 94 a year ago. The number of current contracts is 32% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Clinton, Brandywine, and Cheltenham was 102.2% of the average list price, which is 2.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 22, which is similar compared to a year ago.

The Long & Foster Market Minute Clinton, Brandywine, and Cheltenham are defined as properties listed in zip code/s 20735, 20613 and 20623.
*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.