The Long & Foster Market Minute

Focus On: Westminster and Taneytown Housing Market June 2021

Zip Code(s): 21157, 21158 and 21787
Units Sold
123
Active Inventory
86
Median Sale Price
$402,000
Days On Market
9
Up 15%
Vs. Year Ago
Down -39%
Vs. Year Ago
Up 30%
Vs. Year Ago
Down -78%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 123 sold this month in Westminster and Taneytown Real Estate versus 111 last month, an increase of 11%. This month's total units sold was higher than at this time last year, an increase of 15% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 56 units or 39%. The total number of active inventory this June was 86 compared to 142 in June 2020. This month's total of 86 is higher than the previous month's total supply of available inventory of 79, an increase of 9%.

Median Sale Price
Last June, the median sale price for Westminster and Taneytown Homes was $309,500. This June, the median sale price was $402,000, an increase of $92,500 compared to last year. The current median sold price is 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
162
Current Contracts
128
Sold Vs. List Price
102.4%
Months of Supply
0.7
Up 28%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 3.1%
Vs. Year Ago
Down -47%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Westminster and Taneytown, compared to 1.3 in June 2020. That is a decrease of 47% 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 162 homes newly listed for sale in Westminster and Taneytown compared to 127 in June 2020, an increase of 28%. There were 128 current contracts pending sale this June compared to 129 a year ago. The number of current contracts is 1% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Westminster and Taneytown was 102.4% of the average list price, which is 3.1% 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 40, a decrease of 78%.

The Long & Foster Market Minute Westminster and Taneytown are defined as properties listed in zip code/s 21157, 21158 and 21787.
*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.