The Long & Foster Market Minute

Focus On: Towson Housing Market September 2021

Zip Code(s): 21286 and 21204
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -5%
Vs. Year Ago
Down -40%
Vs. Year Ago
Up 17%
Vs. Year Ago
Down -68%
Vs. Year Ago

Units Sold
There was an increase in total units sold in September, with 61 sold this month in Towson Real Estate versus 47 last month, an increase of 30%. This month's total units sold was lower than at this time last year, a decrease of 5% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 38 units or 40%. The total number of active inventory this September was 56 compared to 94 in September 2020. This month's total of 56 is lower than the previous month's total supply of available inventory of 65, a decrease of 14%.

Median Sale Price
Last September, the median sale price for Towson Homes was $306,250. This September, the median sale price was $358,000, an increase of 17% or $51,750 compared to last year. The current median sold price is 16% lower 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
Current Contracts
Sold Vs. List Price
Months of Supply
Down -22%
Vs. Year Ago
Up 5%
Vs. Year Ago
Vs. Year Ago
Down -37%
Vs. Year Ago

Months of Supply
In September, there was 0.9 months of supply available in Towson, compared to 1.5 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 66 homes newly listed for sale in Towson compared to 85 in September 2020, a decrease of 22%. There were 60 current contracts pending sale this September compared to 57 a year ago. The number of current contracts is 5% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Towson was 101.1% of the average list price, which is higher than at this time last year.

Days on Market
This month, the average number of days on market was 12, lower than the average last year, which was 38, a decrease of 68%.

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.