The Long & Foster Market Minute

Focus On: Homeland, Roland Park, and Cedarcroft Housing Market June 2021

Zip Code(s): 21212 and 21210
Units Sold
96
Active Inventory
70
Median Sale Price
$353,500
Days On Market
13
No Change
Vs. Year Ago
Down -53%
Vs. Year Ago
Down -5%
Vs. Year Ago
Down -73%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 96 sold this month in Homeland, Roland Park, and Cedarcroft Real Estate, an increase of 20%. This month's total units sold is similar compared to a year ago.

Active Inventory
Versus last year, the total number of homes available this month is lower by 80 units or 53%. The total number of active inventory this June was 70 compared to 150 in June 2020. This month's total of 70 is higher than the previous month's total supply of available inventory of 61, an increase of 15%.

Median Sale Price
Last June, the median sale price for Homeland, Roland Park, and Cedarcroft Homes was $371,950. This June, the median sale price was $353,500, a decrease of 5% or $18,450 compared to last year. The current median sold price is 1% 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
106
Current Contracts
87
Sold Vs. List Price
101.4%
Months of Supply
0.7
Up 9%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 2.6%
Vs. Year Ago
Down -53%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Homeland, Roland Park, and Cedarcroft, compared to 1.6 in June 2020. That is a decrease of 53% 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 106 homes newly listed for sale in Homeland, Roland Park, and Cedarcroft compared to 97 in June 2020, an increase of 9%. There were 87 current contracts pending sale this June compared to 85 a year ago. The number of current contracts is 2% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Homeland, Roland Park, and Cedarcroft was 101.4% of the average list price, which is 2.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 13, lower than the average last year, which was 48, a decrease of 73%.

The Long & Foster Market Minute Homeland, Roland Park, and Cedarcroft are defined as properties listed in zip code/s 21212 and 21210.
*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.