The Long & Foster Market Minute

Focus On: Nottingham and Perry Hall Housing Market June 2021

Zip Code(s): 21236 and 21128
Units Sold
85
Active Inventory
43
Median Sale Price
$296,200
Days On Market
9
Up 1%
Vs. Year Ago
Down -52%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -68%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 85 sold this month in Nottingham and Perry Hall Real Estate versus 92 last month, a decrease of 8%. This month's total units sold was higher than at this time last year, an increase of 1% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 46 units or 52%. The total number of active inventory this June was 43 compared to 89 in June 2020. This month's total of 43 is lower than the previous month's total supply of available inventory of 46, a decrease of 7%.

Median Sale Price
Last June, the median sale price for Nottingham and Perry Hall Homes was $288,400. This June, the median sale price was $296,200, an increase of 3% or $7,800 compared to last year. The current median sold price is 5% 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
108
Current Contracts
97
Sold Vs. List Price
102.4%
Months of Supply
0.5
Up 14%
Vs. Year Ago
Up 23%
Vs. Year Ago
Up 2.6%
Vs. Year Ago
Down -52%
Vs. Year Ago

Months of Supply
In June, there was 0.5 months of supply available in Nottingham and Perry Hall, compared to 1.1 in June 2020. That is a decrease of 52% 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 108 homes newly listed for sale in Nottingham and Perry Hall compared to 95 in June 2020, an increase of 14%. There were 97 current contracts pending sale this June compared to 79 a year ago. The number of current contracts is 23% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Nottingham and Perry Hall was 102.4% of the average list price, which is 2.6% 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 28, a decrease of 68%.

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.