The Long & Foster Market Minute

Focus On: Baltimore County Housing Market June 2020

Units Sold
1,034
Active Inventory
1,168
Median Sale Price
$275,000
Days On Market
35
Down -9%
Vs. Year Ago
Down -56%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 9%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 1,034 sold this month in Baltimore County Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 1,479 units or 56%. The total number of active inventory this June was 1,168 compared to 2,647 in June 2019. This month's total of 1,168 is lower than the previous month's total supply of available inventory of 1,515, a decrease of 23%.

Median Sale Price
Last June, the median sale price for Baltimore County Homes was $262,500. This June, the median sale price was $275,000, an increase of 5% or $12,500 compared to last year. The current median sold price is 8% 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
1,197
Current Contracts
1,304
Sold Vs. List Price
98.8%
Months of Supply
1.1
Down -15%
Vs. Year Ago
Up 27%
Vs. Year Ago
No Change
Vs. Year Ago
Down -51%
Vs. Year Ago

Months of Supply
In June, there was 1.1 months of supply available in Baltimore County, compared to 2.3 in June 2019. That is a decrease of 51% 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 1,197 homes newly listed for sale in Baltimore County compared to 1,405 in June 2019, a decrease of 15%. There were 1,304 current contracts pending sale this June compared to 1,027 a year ago. The number of current contracts is 27% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Baltimore County was 98.8% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 35, higher than the average last year, which was 32, an increase of 9%.

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.