The Long & Foster Market Minute

Focus On: Middle River Housing Market May 2020

Zip Code(s): 21220
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -26%
Vs. Year Ago
Down -51%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -5%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in May, with 43 sold this month in Middle River Real Estate versus 46 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 26% versus May 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 87 units or 51%. The total number of active inventory this May was 84 compared to 171 in May 2019. This month's total of 84 is lower than the previous month's total supply of available inventory of 106, a decrease of 21%.

Median Sale Price
Last May, the median sale price for Middle River Homes was $230,000. This May, the median sale price was $212,000, a decrease of 8% or $18,000 compared to last year. The current median sold price is 12% lower than in April.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -25%
Vs. Year Ago
Up 16%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -34%
Vs. Year Ago

Months of Supply
In May, there was 2.0 months of supply available in Middle River, compared to 2.9 in May 2019. That is a decrease of 34% 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 75 homes newly listed for sale in Middle River compared to 100 in May 2019, a decrease of 25%. There were 80 current contracts pending sale this May compared to 69 a year ago. The number of current contracts is 16% higher than last May.

Sale Price to List Price Ratio
In May, the average sale price in Middle River was 98.5% of the average list price, which is 1.0% lower than at this time last year.

Days on Market
This month, the average number of days on market was 35, lower than the average last year, which was 37, a decrease of 5%.

The Long & Foster Market Minute Middle River are defined as properties listed in zip code/s 21220.
*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.