The Long & Foster Market Minute

Focus On: Damascus and Clarksburg Housing Market June 2021

Zip Code(s): 20872 and 20871
Units Sold
84
Active Inventory
37
Median Sale Price
$535,000
Days On Market
12
Up
Vs. Year Ago
Down -62%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -45%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 84 sold this month in Damascus and Clarksburg 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 60 units or 62%. The total number of active inventory this June was 37 compared to 97 in June 2020. This month's total of 37 is lower than the previous month's total supply of available inventory of 45, a decrease of 18%.

Median Sale Price
Last June, the median sale price for Damascus and Clarksburg Homes was $452,500. This June, the median sale price was $535,000, an increase of 18% or $82,500 compared to last year. The current median sold price is 5% 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
100
Current Contracts
96
Sold Vs. List Price
103.3%
Months of Supply
0.4
Down -8%
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 3.7%
Vs. Year Ago
Down -74%
Vs. Year Ago

Months of Supply
In June, there was 0.4 months of supply available in Damascus and Clarksburg, compared to 1.7 in June 2020. That is a decrease of 74% 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 100 homes newly listed for sale in Damascus and Clarksburg compared to 109 in June 2020, a decrease of 8%. There were 96 current contracts pending sale this June compared to 90 a year ago. The number of current contracts is 7% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Damascus and Clarksburg was 103.3% of the average list price, which is 3.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 12, lower than the average last year, which was 22, a decrease of 45%.

The Long & Foster Market Minute Damascus and Clarksburg are defined as properties listed in zip code/s 20872 and 20871.
*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.