The Long & Foster Market Minute

Focus On: Homeland, Cedarcroft, and New Northwood Housing Market June 2021

Zip Code(s): 21212 and 21239
Units Sold
107
Active Inventory
79
Median Sale Price
$315,000
Days On Market
12
Up 10%
Vs. Year Ago
Down -49%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -66%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 107 sold this month in Homeland, Cedarcroft, and New Northwood Real Estate versus 102 last month, an increase of 5%. This month's total units sold was higher than at this time last year, an increase of 10% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 76 units or 49%. The total number of active inventory this June was 79 compared to 155 in June 2020. This month's total of 79 is higher than the previous month's total supply of available inventory of 62, an increase of 27%.

Median Sale Price
Last June, the median sale price for Homeland, Cedarcroft, and New Northwood Homes was $301,000. This June, the median sale price was $315,000, an increase of $14,000 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
124
Current Contracts
92
Sold Vs. List Price
101.7%
Months of Supply
0.7
Up 23%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 3.2%
Vs. Year Ago
Down -54%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Homeland, Cedarcroft, and New Northwood, compared to 1.6 in June 2020. That is a decrease of 54% 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 124 homes newly listed for sale in Homeland, Cedarcroft, and New Northwood compared to 101 in June 2020, an increase of 23%. There were 92 current contracts pending sale this June compared to 87 a year ago. The number of current contracts is 6% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Homeland, Cedarcroft, and New Northwood was 101.7% of the average list price, which is 3.1% 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 35, a decrease of 66%.

The Long & Foster Market Minute Homeland, Cedarcroft, and New Northwood are defined as properties listed in zip code/s 21212 and 21239.
*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.