The Long & Foster Market Minute

Focus On: Perry Hall, Nottingham, and Northeastern Baltimore County Housing Market May 2020

Zip Code(s): 21128, 21162, 21087, 21082, 21013, 21057, 21156, 21051 and 21236
Units Sold
67
Active Inventory
113
Median Sale Price
$250,000
Days On Market
33
Down
Vs. Year Ago
Down -57%
Vs. Year Ago
Down -7%
Vs. Year Ago
Down -8%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in May, with 67 sold this month in Perry Hall, Nottingham, and Northeastern 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 149 units or 57%. The total number of active inventory this May was 113 compared to 262 in May 2019. This month's total of 113 is lower than the previous month's total supply of available inventory of 134, a decrease of 16%.

Median Sale Price
Last May, the median sale price for Perry Hall, Nottingham, and Northeastern Baltimore County Homes was $269,000. This May, the median sale price was $250,000, a decrease of 7% or $19,000 compared to last year. The current median sold price is 16% 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
99
Current Contracts
100
Sold Vs. List Price
99.3%
Months of Supply
1.7
Down -38%
Vs. Year Ago
Down -2%
Vs. Year Ago
No Change
Vs. Year Ago
Down -32%
Vs. Year Ago

Months of Supply
In May, there was 1.7 months of supply available in Perry Hall, Nottingham, and Northeastern Baltimore County, compared to 2.5 in May 2019. That is a decrease of 32% 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 99 homes newly listed for sale in Perry Hall, Nottingham, and Northeastern Baltimore County compared to 159 in May 2019, a decrease of 38%. There were 100 current contracts pending sale this May compared to 102 a year ago. The number of current contracts is 2% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Perry Hall, Nottingham, and Northeastern Baltimore County was 99.3% 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 33, lower than the average last year, which was 36, a decrease of 8%.

The Long & Foster Market Minute Perry Hall, Nottingham, and Northeastern Baltimore County are defined as properties listed in zip code/s 21128, 21162, 21087, 21082, 21013, 21057, 21156, 21051 and 21236.
*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.