The Long & Foster Market Minute

Focus On: Nottingham and Perry Hall Housing Market September 2021

Zip Code(s): 21236 and 21128
Units Sold
91
Active Inventory
50
Median Sale Price
$305,000
Days On Market
21
Up 17%
Vs. Year Ago
Down -26%
Vs. Year Ago
Up 18%
Vs. Year Ago
Up 62%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 91 sold this month in Nottingham and Perry Hall Real Estate versus 101 last month, a decrease of 10%. This month's total units sold was higher than at this time last year, an increase of 17% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 18 units or 26%. The total number of active inventory this September was 50 compared to 68 in September 2020. This month's total of 50 is lower than the previous month's total supply of available inventory of 63, a decrease of 21%.

Median Sale Price
Last September, the median sale price for Nottingham and Perry Hall Homes was $259,000. This September, the median sale price was $305,000, an increase of 18% or $46,000 compared to last year. The current median sold price is 6% 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
87
Current Contracts
89
Sold Vs. List Price
100.6%
Months of Supply
0.5
Down -13%
Vs. Year Ago
Down -12%
Vs. Year Ago
No Change
Vs. Year Ago
Down -37%
Vs. Year Ago

Months of Supply
In September, there was 0.5 months of supply available in Nottingham and Perry Hall, compared to 0.9 in September 2020. That is a decrease of 37% 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 87 homes newly listed for sale in Nottingham and Perry Hall compared to 100 in September 2020, a decrease of 13%. There were 89 current contracts pending sale this September compared to 101 a year ago. The number of current contracts is 12% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Nottingham and Perry Hall was 100.6% 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 21, higher than the average last year, which was 13, an increase of 62%.

The Long & Foster Market Minute Nottingham and Perry Hall are defined as properties listed in zip code/s 21236 and 21128.
*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.