The Long & Foster Market Minute

Focus On: Mt Washington and Roland Park Housing Market June 2021

Zip Code(s): 21209 and 21210
Units Sold
45
Active Inventory
33
Median Sale Price
$410,000
Days On Market
11
Down -13%
Vs. Year Ago
Down -66%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -78%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 45 sold this month in Mt Washington and Roland Park Real Estate versus 39 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 13% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 64 units or 66%. The total number of active inventory this June was 33 compared to 97 in June 2020. This month's total of 33 is lower than the previous month's total supply of available inventory of 39, a decrease of 15%.

Median Sale Price
Last June, the median sale price for Mt Washington and Roland Park Homes was $363,750. This June, the median sale price was $410,000, an increase of 13% or $46,250 compared to last year. The current median sold price is 10% 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
65
Current Contracts
69
Sold Vs. List Price
100.9%
Months of Supply
0.7
Down -2%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 2.6%
Vs. Year Ago
Down -61%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Mt Washington and Roland Park, compared to 1.9 in June 2020. That is a decrease of 61% 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 65 homes newly listed for sale in Mt Washington and Roland Park compared to 66 in June 2020, a decrease of 2%. There were 69 current contracts pending sale this June compared to 63 a year ago. The number of current contracts is 10% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Mt Washington and Roland Park was 100.9% of the average list price, which is 2.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 49, a decrease of 78%.

The Long & Foster Market Minute
*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.