The Long & Foster Market Minute

Focus On: Towson Housing Market May 2020

Zip Code(s): 21286 and 21204
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Down -37%
Vs. Year Ago
Up 17%
Vs. Year Ago
Up 18%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in May, with 39 sold this month in Towson Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 56 units or 37%. The total number of active inventory this May was 95 compared to 151 in May 2019. This month's total of 95 is lower than the previous month's total supply of available inventory of 106, a decrease of 10%.

Median Sale Price
Last May, the median sale price for Towson Homes was $300,450. This May, the median sale price was $353,000, an increase of 17% or $52,550 compared to last year. The current median sold price is 3% 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 -39%
Vs. Year Ago
Down -22%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In May, there was 2.4 months of supply available in Towson. The amount of supply is similar compared to 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 59 homes newly listed for sale in Towson compared to 97 in May 2019, a decrease of 39%. There were 62 current contracts pending sale this May compared to 79 a year ago. The number of current contracts is 22% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Towson was 98.3% of the average list price, which is 0.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 40, higher than the average last year, which was 34, an increase of 18%.

The Long & Foster Market Minute Towson are defined as properties listed in zip code/s 21286 and 21204.
*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.