The Long & Foster Market Minute

Focus On: Hampstead, Finksburg, and Manchester Housing Market September 2021

Zip Code(s): 21074, 21048, 21102 and 21088
Units Sold
56
Active Inventory
60
Median Sale Price
$399,950
Days On Market
13
Up 8%
Vs. Year Ago
Down -6%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -68%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 56 sold this month in Hampstead, Finksburg, and Manchester Real Estate versus 74 last month, a decrease of 24%. This month's total units sold was higher than at this time last year, an increase of 8% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 4 units or 6%. The total number of active inventory this September was 60 compared to 64 in September 2020. This month's total of 60 is higher than the previous month's total supply of available inventory of 54, an increase of 11%.

Median Sale Price
Last September, the median sale price for Hampstead, Finksburg, and Manchester Homes was $387,000. This September, the median sale price was $399,950, an increase of 3% or $12,950 compared to last year. The current median sold price is 4% higher than in August.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
57
Current Contracts
44
Sold Vs. List Price
100.2%
Months of Supply
1.1
Down -28%
Vs. Year Ago
Down -34%
Vs. Year Ago
No Change
Vs. Year Ago
Down -13%
Vs. Year Ago

Months of Supply
In September, there was 1.1 months of supply available in Hampstead, Finksburg, and Manchester, compared to 1.2 in September 2020. That is a decrease of 13% 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 57 homes newly listed for sale in Hampstead, Finksburg, and Manchester compared to 79 in September 2020, a decrease of 28%. There were 44 current contracts pending sale this September compared to 67 a year ago. The number of current contracts is 34% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Hampstead, Finksburg, and Manchester was 100.2% 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 13, lower than the average last year, which was 41, a decrease of 68%.

The Long & Foster Market Minute Hampstead, Finksburg, and Manchester are defined as properties listed in zip code/s 21074, 21048, 21102 and 21088.
*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.