The Long & Foster Market Minute

Focus On: Glencarlyn Housing Market June 2021

Zip Code(s): 22204
Units Sold
66
Active Inventory
74
Median Sale Price
$602,500
Days On Market
14
Up
Vs. Year Ago
Up 164%
Vs. Year Ago
Up
Vs. Year Ago
Up 27%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 66 sold this month in Glencarlyn 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 higher by 46 units or 164%. The total number of active inventory this June was 74 compared to 28 in June 2020. This month's total of 74 is higher than the previous month's total supply of available inventory of 68, an increase of 9%.

Median Sale Price
Last June, the median sale price for Glencarlyn Homes was $425,000. This June, the median sale price was $602,500, an increase of $177,500 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
110
Current Contracts
75
Sold Vs. List Price
101.9%
Months of Supply
1.1
Up 90%
Vs. Year Ago
Up 47%
Vs. Year Ago
Up 1.6%
Vs. Year Ago
Up 93%
Vs. Year Ago

Months of Supply
In June, there was 1.1 months of supply available in Glencarlyn, compared to 0.6 in June 2020. That is an increase of 92% 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 110 homes newly listed for sale in Glencarlyn compared to 58 in June 2020, an increase of 90%. There were 75 current contracts pending sale this June compared to 51 a year ago. The number of current contracts is 47% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Glencarlyn was 101.9% of the average list price, which is 1.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 14, higher than the average last year, which was 11, an increase of 27%.

The Long & Foster Market Minute Glencarlyn are defined as properties listed in zip code/s 22204.
*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.