The Long & Foster Market Minute

Focus On: Salisbury and Fruitland Housing Market June 2021

Zip Code(s): 21801, 21804 and 21826
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 1%
Vs. Year Ago
Down -29%
Vs. Year Ago
Up 17%
Vs. Year Ago
Down -70%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 98 sold this month in Salisbury and Fruitland Real Estate versus 112 last month, a decrease of 13%. 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 55 units or 29%. The total number of active inventory this June was 135 compared to 190 in June 2020. This month's total of 135 is lower than the previous month's total supply of available inventory of 140, a decrease of 4%.

Median Sale Price
Last June, the median sale price for Salisbury and Fruitland Homes was $180,000. This June, the median sale price was $210,000, an increase of 17% or $30,000 compared to last year. The current median sold price is 2% 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 16%
Vs. Year Ago
Up 14%
Vs. Year Ago
Up 2.1%
Vs. Year Ago
Down -30%
Vs. Year Ago

Months of Supply
In June, there was 1.4 months of supply available in Salisbury and Fruitland, compared to 2.0 in June 2020. That is a decrease of 30% 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 118 homes newly listed for sale in Salisbury and Fruitland compared to 102 in June 2020, an increase of 16%. There were 112 current contracts pending sale this June compared to 98 a year ago. The number of current contracts is 14% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Salisbury and Fruitland was 101.0% of the average list price, which is 2.1% higher than at this time last year.

Days on Market
This month, the average number of days on market was 20, lower than the average last year, which was 66, a decrease of 70%.

The Long & Foster Market Minute Salisbury and Fruitland are defined as properties listed in zip code/s 21801, 21804 and 21826.
*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.