The Long & Foster Market Minute

Focus On: East Baltimore City Housing Market June 2021

Zip Code(s): 21213 and 21205
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 34%
Vs. Year Ago
Down -29%
Vs. Year Ago
Up 26%
Vs. Year Ago
Down -58%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 86 sold this month in East Baltimore City Real Estate versus 73 last month, an increase of 18%. This month's total units sold was higher than at this time last year, an increase of 34% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 56 units or 29%. The total number of active inventory this June was 139 compared to 195 in June 2020. This month's total of 139 is lower than the previous month's total supply of available inventory of 164, a decrease of 15%.

Median Sale Price
Last June, the median sale price for East Baltimore City Homes was $85,000. This June, the median sale price was $107,450, an increase of $22,450 compared to last year. The current median sold price is 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
Current Contracts
Sold Vs. List Price
Months of Supply
Up 43%
Vs. Year Ago
Up 48%
Vs. Year Ago
Up 3.7%
Vs. Year Ago
Down -47%
Vs. Year Ago

Months of Supply
In June, there was 1.6 months of supply available in East Baltimore City, compared to 3.0 in June 2020. That is a decrease of 47% 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 103 homes newly listed for sale in East Baltimore City compared to 72 in June 2020, an increase of 43%. There were 93 current contracts pending sale this June compared to 63 a year ago. The number of current contracts is 48% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in East Baltimore City was 103.4% 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 31, lower than the average last year, which was 73, a decrease of 58%.

The Long & Foster Market Minute East Baltimore City are defined as properties listed in zip code/s 21213 and 21205.
*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.