The Long & Foster Market Minute

Focus On: Downtown Baltimore, Fells Point, and Butchers Hill Housing Market June 2021

Zip Code(s): 21201, 21202 and 21231
Units Sold
112
Active Inventory
154
Median Sale Price
$241,250
Days On Market
29
Up
Vs. Year Ago
Down -41%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -59%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 112 sold this month in Downtown Baltimore, Fells Point, and Butchers Hill 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 108 units or 41%. The total number of active inventory this June was 154 compared to 262 in June 2020. This month's total of 154 is lower than the previous month's total supply of available inventory of 194, a decrease of 21%.

Median Sale Price
Last June, the median sale price for Downtown Baltimore, Fells Point, and Butchers Hill Homes was $262,500. This June, the median sale price was $241,250, a decrease of 8% or $21,250 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
132
Current Contracts
126
Sold Vs. List Price
99.1%
Months of Supply
1.4
Up 53%
Vs. Year Ago
Up 114%
Vs. Year Ago
No Change
Vs. Year Ago
Down -69%
Vs. Year Ago

Months of Supply
In June, there was 1.4 months of supply available in Downtown Baltimore, Fells Point, and Butchers Hill, compared to 4.5 in June 2020. That is a decrease of 70% 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 132 homes newly listed for sale in Downtown Baltimore, Fells Point, and Butchers Hill compared to 86 in June 2020, an increase of 53%. There were 126 current contracts pending sale this June compared to 59 a year ago. The number of current contracts is 114% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Downtown Baltimore, Fells Point, and Butchers Hill was 99.1% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 29, lower than the average last year, which was 71, a decrease of 59%.

The Long & Foster Market Minute Downtown Baltimore, Fells Point, and Butchers Hill are defined as properties listed in zip code/s 21201, 21202 and 21231.
*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.