The Long & Foster Market Minute

Focus On: Hunt Valley, Phoenix, and Timonium Housing Market June 2021

Zip Code(s): 21030, 21131 and 21093
Units Sold
128
Active Inventory
106
Median Sale Price
$463,000
Days On Market
16
Up 19%
Vs. Year Ago
Down -32%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -62%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 128 sold this month in Hunt Valley, Phoenix, and Timonium Real Estate versus 107 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 19% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 49 units or 32%. The total number of active inventory this June was 106 compared to 155 in June 2020. This month's total of 106 is higher than the previous month's total supply of available inventory of 91, an increase of 16%.

Median Sale Price
Last June, the median sale price for Hunt Valley, Phoenix, and Timonium Homes was $417,000. This June, the median sale price was $463,000, an increase of 11% or $46,000 compared to last year. The current median sold price is 8% 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
141
Current Contracts
105
Sold Vs. List Price
101.2%
Months of Supply
0.8
Up 8%
Vs. Year Ago
Down -26%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -42%
Vs. Year Ago

Months of Supply
In June, there was 0.8 months of supply available in Hunt Valley, Phoenix, and Timonium, compared to 1.4 in June 2020. That is a decrease of 42% 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 141 homes newly listed for sale in Hunt Valley, Phoenix, and Timonium compared to 131 in June 2020, an increase of 8%. There were 105 current contracts pending sale this June compared to 142 a year ago. The number of current contracts is 26% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Hunt Valley, Phoenix, and Timonium was 101.2% of the average list price, which is 2.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 16, lower than the average last year, which was 42, a decrease of 62%.

The Long & Foster Market Minute Hunt Valley, Phoenix, and Timonium are defined as properties listed in zip code/s 21030, 21131 and 21093.
*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.