The Long & Foster Market Minute

Focus On: Homeland Housing Market June 2021

Zip Code(s): 21212
Units Sold
78
Active Inventory
55
Median Sale Price
$337,000
Days On Market
14
Up 16%
Vs. Year Ago
Down -50%
Vs. Year Ago
Down -3%
Vs. Year Ago
Down -64%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 78 sold this month in Homeland Real Estate versus 65 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 16% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 54 units or 50%. The total number of active inventory this June was 55 compared to 109 in June 2020. This month's total of 55 is higher than the previous month's total supply of available inventory of 36, an increase of 53%.

Median Sale Price
Last June, the median sale price for Homeland Homes was $349,000. This June, the median sale price was $337,000, a decrease of 3% or $12,000 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
84
Current Contracts
57
Sold Vs. List Price
101.6%
Months of Supply
0.7
Up 24%
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 3.1%
Vs. Year Ago
Down -56%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Homeland, compared to 1.6 in June 2020. That is a decrease of 57% 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 84 homes newly listed for sale in Homeland compared to 68 in June 2020, an increase of 24%. There were 57 current contracts pending sale this June compared to 55 a year ago. The number of current contracts is 4% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Homeland was 101.6% of the average list price, which is 3.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 14, lower than the average last year, which was 39, a decrease of 64%.

The Long & Foster Market Minute Homeland are defined as properties listed in zip code/s 21212.
*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.