The Long & Foster Market Minute

Focus On: Queen Anne's County Housing Market June 2021

Units Sold
138
Active Inventory
133
Median Sale Price
$421,370
Days On Market
28
Up
Vs. Year Ago
Down -55%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -63%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 138 sold this month in Queen Anne's County 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 160 units or 55%. The total number of active inventory this June was 133 compared to 293 in June 2020. This month's total of 133 is lower than the previous month's total supply of available inventory of 142, a decrease of 6%.

Median Sale Price
Last June, the median sale price for Queen Anne's County Homes was $378,000. This June, the median sale price was $421,370, an increase of 11% or $43,370 compared to last year. The current median sold price is 3% 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
135
Current Contracts
123
Sold Vs. List Price
99.0%
Months of Supply
1.0
Up 8%
Vs. Year Ago
Down -10%
Vs. Year Ago
Up 3.1%
Vs. Year Ago
Down -67%
Vs. Year Ago

Months of Supply
In June, there was 1.0 months of supply available in Queen Anne's County, compared to 2.9 in June 2020. That is a decrease of 67% 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 135 homes newly listed for sale in Queen Anne's County compared to 125 in June 2020, an increase of 8%. There were 123 current contracts pending sale this June compared to 137 a year ago. The number of current contracts is 10% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Queen Anne's County was 99.0% of the average list price, which is 3.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 28, lower than the average last year, which was 75, a decrease of 63%.

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.