The Long & Foster Market Minute

Focus On: Davidsonville, Lothian, and Southern Anne Arundel Housing Market June 2021

Zip Code(s): 21035, 20764, 20733, 20711, 20751, 20778, 20776, 20779, 20758 and 20765
Units Sold
50
Active Inventory
67
Median Sale Price
$434,950
Days On Market
21
Up 32%
Vs. Year Ago
Down -52%
Vs. Year Ago
Down -3%
Vs. Year Ago
Down -62%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 50 sold this month in Davidsonville, Lothian, and Southern Anne Arundel Real Estate versus 47 last month, an increase of 6%. This month's total units sold was higher than at this time last year, an increase of 32% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 74 units or 52%. The total number of active inventory this June was 67 compared to 141 in June 2020. This month's total of 67 is higher than the previous month's total supply of available inventory of 66, an increase of 2%.

Median Sale Price
Last June, the median sale price for Davidsonville, Lothian, and Southern Anne Arundel Homes was $447,450. This June, the median sale price was $434,950, a decrease of 3% or $12,500 compared to last year. The current median sold price is 12% 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
68
Current Contracts
54
Sold Vs. List Price
101.7%
Months of Supply
1.3
Up 17%
Vs. Year Ago
No Change
Vs. Year Ago
Up 3.7%
Vs. Year Ago
Down -64%
Vs. Year Ago

Months of Supply
In June, there was 1.3 months of supply available in Davidsonville, Lothian, and Southern Anne Arundel, compared to 3.7 in June 2020. That is a decrease of 64% 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 68 homes newly listed for sale in Davidsonville, Lothian, and Southern Anne Arundel compared to 58 in June 2020, an increase of 17%. There were 54 current contracts pending sale this June, consistent with the volume a year ago. The number of current contracts is 17% lower than last month.

Sale Price to List Price Ratio
In June, the average sale price in Davidsonville, Lothian, and Southern Anne Arundel was 101.7% of the average list price, which is 3.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 21, lower than the average last year, which was 55, a decrease of 62%.

The Long & Foster Market Minute Davidsonville, Lothian, and Southern Anne Arundel are defined as properties listed in zip code/s 21035, 20764, 20733, 20711, 20751, 20778, 20776, 20779, 20758 and 20765.
*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.