The Long & Foster Market Minute

Focus On: Germantown Housing Market June 2021

Zip Code(s): 20874 and 20876
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Down -41%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -57%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 145 sold this month in Germantown 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 47 units or 41%. The total number of active inventory this June was 67 compared to 114 in June 2020. This month's total of 67 is lower than the previous month's total supply of available inventory of 76, a decrease of 12%.

Median Sale Price
Last June, the median sale price for Germantown Homes was $350,000. This June, the median sale price was $355,000, an increase of 1% or $5,000 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
Current Contracts
Sold Vs. List Price
Months of Supply
Up 42%
Vs. Year Ago
Up 43%
Vs. Year Ago
Up 3.9%
Vs. Year Ago
Down -60%
Vs. Year Ago

Months of Supply
In June, there was 0.5 months of supply available in Germantown, compared to 1.2 in June 2020. That is a decrease of 60% 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 185 homes newly listed for sale in Germantown compared to 130 in June 2020, an increase of 42%. There were 173 current contracts pending sale this June compared to 121 a year ago. The number of current contracts is 43% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Germantown was 103.9% of the average list price, which is 3.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 10, lower than the average last year, which was 23, a decrease of 57%.

The Long & Foster Market Minute Germantown are defined as properties listed in zip code/s 20874 and 20876.
*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.