The Long & Foster Market Minute

Focus On: Del Ray/Rosemont Housing Market June 2021

Zip Code(s): 22301
Units Sold
34
Active Inventory
23
Median Sale Price
$863,700
Days On Market
11
Up 26%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -27%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 34 sold this month in Del Ray/Rosemont Real Estate versus 26 last month, an increase of 31%. This month's total units sold was higher than at this time last year, an increase of 26% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 1 units or 5%. The total number of active inventory this June was 23 compared to 22 in June 2020. This month's total of 23 is higher than the previous month's total supply of available inventory of 13, an increase of 77%.

Median Sale Price
Last June, the median sale price for Del Ray/Rosemont Homes was $935,000. This June, the median sale price was $863,700, a decrease of 8% or $71,300 compared to last year. The current median sold price is 7% lower 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
49
Current Contracts
33
Sold Vs. List Price
102.7%
Months of Supply
0.7
Up 63%
Vs. Year Ago
Up 57%
Vs. Year Ago
Up 2.4%
Vs. Year Ago
Down -16%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Del Ray/Rosemont, compared to 0.8 in June 2020. That is a decrease of 17% 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 49 homes newly listed for sale in Del Ray/Rosemont compared to 30 in June 2020, an increase of 63%. There were 33 current contracts pending sale this June compared to 21 a year ago. The number of current contracts is 57% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Del Ray/Rosemont was 102.7% of the average list price, which is 2.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 15, a decrease of 27%.

The Long & Foster Market Minute Del Ray/Rosemont are defined as properties listed in zip code/s 22301.
*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.