The Long & Foster Market Minute

Focus On: Middle River Housing Market June 2021

Zip Code(s): 21220
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 9%
Vs. Year Ago
Down -30%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -70%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 72 sold this month in Middle River Real Estate versus 80 last month, a decrease of 10%. This month's total units sold was higher than at this time last year, an increase of 9% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 27 units or 30%. The total number of active inventory this June was 64 compared to 91 in June 2020. This month's total of 64 is lower than the previous month's total supply of available inventory of 82, a decrease of 22%.

Median Sale Price
Last June, the median sale price for Middle River Homes was $260,000. This June, the median sale price was $287,500, an increase of 11% or $27,500 compared to last year. The current median sold price is 7% 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
Current Contracts
Sold Vs. List Price
Months of Supply
Up 35%
Vs. Year Ago
Up 21%
Vs. Year Ago
Up 1.7%
Vs. Year Ago
Down -36%
Vs. Year Ago

Months of Supply
In June, there was 0.9 months of supply available in Middle River, compared to 1.4 in June 2020. That is a decrease of 36% 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 93 homes newly listed for sale in Middle River compared to 69 in June 2020, an increase of 35%. There were 88 current contracts pending sale this June compared to 73 a year ago. The number of current contracts is 21% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Middle River was 101.0% of the average list price, which is 1.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 9, lower than the average last year, which was 30, a decrease of 70%.

The Long & Foster Market Minute Middle River are defined as properties listed in zip code/s 21220.
*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.