JUNE 2021 MARYLAND Housing Statistics

By
Real Estate Broker/Owner with Mackintosh REALTORS 82894
Maryland’s June 2021 Housing Statistics Continues Robust Sales Pace; Months of Inventory Grows Slightly 
 
 
 
ANNAPOLIS, MD – July 15, 2021 
 
Maryland’s June 2021 housing market continued its robust growth with home sales reaching 10,790, an increase of 24.2% over the previous year’s sales of 8,686. Average sales price rose 17.4% to $443,764 over last year’s figure of $376,990. The median sales price of $375,000 grew 13.6% from $330,000 in June 2020. 
 
While median days on market continues to hover at 6 days compared to June 2020’s figure of 14 days, months of inventory continues to grow—ever so slightlyto one month, which signals slight growth since April 2021, when it was as 0.8. In June 2020, months of inventory was at 2.2. Feeding this increase in has been an increase in the number of new listings, 12,668 (In June 2020, it stood at 10,284), which has been growing since March 2021.  
 
“Though we’re not out of the woods yet with the lack of inventory, we’re seeing signals that indicate it may be easing up,” said Dee Dee Miller, 2021 president, Maryland REALTORS®. “The number of new listings has been growing and so too has active inventory, which has been increasing month-to-month since April 2021. At least part of the explanation for this is some frustrated buyers leaving the market because of increased competition or being priced out.” Active inventory for June 2021 is at 8,550; in June 2020, it stood at 15,558. 
 
 
 
Maryland monthly housing statistics are compiled by data as reported by Bright MLS. For the purposes of this report, "units" are defined as the closed sales and "pending units" are properties under contract. Months of inventory are based on the current active inventory and monthly sales for the corresponding month.
 
NOTE: UNITS ARE THE "UNITS" SOLD, PENDING ARE UNDER CONTRACT.

*Months of inventory based on current active inventory and monthly sales for the corresponding month; Data are revised on a regular basis. Readers of these reports should note that older reports have not been adjusted to reflect these revised data. This report, however, contains the latest reliable data to date.
 
**Maryland REALTORS® publishes the Maryland Housing Statistics monthly; it is available through the Association's website, www.mdrealtor.org.
 
If you are considering selling the real eastate market inventory in Frederick County is at an all time low which makes this one of the best seller's markets I have seen since 2005.Feel free to contact me if you have any real estate questions or considering selling or purchasing a property soon.
 
 

Comments (5)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Buzz... you could be talking about the Charlotte region's housing market in your post and no one would know the difference! Great infographic.

Jul 20, 2021 03:40 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Buzz. Your market continues to be robust and inventory is increasing ever so slightly. In downtown Chicago activity is picking up and inventory, in excess of two years, is beginning to dwindle a bit. Enjoy your day. 

Jul 20, 2021 04:34 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Homebuyers and sellers in Maryland are sure to value your real estate market report, Buzz.

Jul 20, 2021 04:37 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is a good report to share.

I hope you are enjoying a very productive month.

Jul 21, 2021 12:12 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Buzz - another month of low inventory.  Your explanation of the figures is helpful to buyers and sellers.

Jul 23, 2021 03:41 PM