The Long & Foster Market Minute

Focus On: Nottingham and Perry Hall Housing Market March 2021

Zip Code(s): 21236 and 21128
Units Sold
75
Active Inventory
27
Median Sale Price
$285,000
Days On Market
15
Up 15%
Vs. Year Ago
Down -74%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -70%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 75 sold this month in Nottingham and Perry Hall Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 75 units or 74%. The total number of active inventory this March was 27 compared to 102 in March 2020. This month's total of 27 is higher than the previous month's total supply of available inventory of 26, an increase of 4%.

Median Sale Price
Last March, the median sale price for Nottingham and Perry Hall Homes was $241,200. This March, the median sale price was $285,000, an increase of 18% or $43,800 compared to last year. The current median sold price is 8% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
93
Current Contracts
83
Sold Vs. List Price
100.5%
Months of Supply
0.4
No Change
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 1.7%
Vs. Year Ago
Down -77%
Vs. Year Ago

Months of Supply
In March, there was 0.4 months of supply available in Nottingham and Perry Hall, compared to 1.6 in March 2020. That is a decrease of 77% 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 Nottingham and Perry Hall, which is similar to the amount in March 2020. There were 83 current contracts pending sale this March compared to 79 a year ago. The number of current contracts is 5% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Nottingham and Perry Hall was 100.5% 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 15, lower than the average last year, which was 50, a decrease of 70%.

The Long & Foster Market Minute Nottingham and Perry Hall are defined as properties listed in zip code/s 21236 and 21128.
*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.