Focus On: December 2019 Ellicott City Housing Market

[Pages:2]Focus On: Ellicott City Housing Market

Zip Code(s): 21042 and 21043

Units Sold

99

Active Inventory

48

180 160 140 120 100

80 60 40

N-19 M-20 J-20 N-20 M-21 J-21 N-21

280 230 180 130

80 30

N-19 M-20 J-20 N-20 M-21 J-21 N-21

Median Sale Price

$579,900

650,000 600,000 550,000 500,000 450,000 400,000 350,000 300,000

N-19 M-20 J-20 N-20 M-21 J-21 N-21

Down -15% Vs. Year Ago

Down -56% Vs. Year Ago

Up 13% Vs. Year Ago

November 2021

Days On Market

15

60 50 40 30 20 10

0 N-19 M-20 J-20 N-20 M-21 J-21 N-21

Down -32% Vs. Year Ago

Units Sold*

120

Sold Detached

Sold Attached

Units Sold

100

There was a decrease in total units sold in November, with 99

80

sold this month in Ellicott City versus 115 last month, a decrease

of 14%. This month's total units sold was lower than at this time

60

last year, a decrease of 15% versus November 2020.

40

20

0

Active Inventory*

Active Detached

Active Attached

Active Condo/ Coop

250

200

Active Inventory 150

Versus last year, the total number of homes available this month is 100

lower by 61 units or 56%. The total number of active inventory this

50

November was 48 compared to 109 in November 2020. This

month's total of 48 is lower than the previous month's total supply

0

of available inventory of 88, a decrease of 45%.

800,000 600,000 400,000 200,000

0

Median Sale Price

Nov-20 $514,900

Nov-21 $579,900

Median Sale Price

Last November, the median sale price for Ellicott City Homes was $514,900. This November, the median sale price was $579,900, an increase of 13% or $65,000 compared to last year. The current median sold price is approximately the same as the median price in October.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

Ellicott City are defined as properties listed in zip code/s 21042 and 21043.

*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. Information 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.

Focus On: Ellicott City Housing Market

Zip Code(s): 21042 and 21043

New Listings

Current Contracts

63

86

Sold Vs. List Price

101.2%

200 180 160 140 120 100

80 60 40

N-19 M-20 J-20 N-20 M-21 J-21 N-21

190 170 150 130 110

90 70 50

N-19 M-20 J-20 N-20 M-21 J-21 N-21

104.0% 102.0% 100.0%

98.0% 96.0% 94.0%

N-19 M-20 J-20 N-20 M-21 J-21 N-21

Down -13% Vs. Year Ago

Down -1% Vs. Year Ago

Up 1.5% Vs. Year Ago

November 2021

Months of Supply

0.5

3.0 2.5 2.0 1.5 1.0 0.5 0.0

N-19 M-20 J-20 N-20 M-21 J-21 N-21

Down -48% Vs. Year Ago

2.6 2.1 1.8

2.4 2.6

2.1 2.2 1.7 1.4 1.1 1.0 1.2 0.9 0.7 1.3 1.2 0.8 0.8 0.7 0.5 0.7 0.6 0.8 0.8 0.5

Months Of Supply

3.00 2.50 2.00 1.50 1.00 0.50 0.00

Months of Supply

In November, there was 0.5 months of supply available in Ellicott City, compared to 0.9 in November 2020. That is a decrease of 48% 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

Number of New Listings

Total Pending

250

New Listings & Current Contracts 200

This month there were 63 homes newly listed for sale in Ellicott 150 City compared to 72 in November 2020, a decrease of 13%. There

100

were 86 current contracts pending sale this November compared to 87 a year ago. The number of current contracts is 1% lower 50 than last November.

0

104% 103% 102% 101% 100%

99% 98% 97% 96% 95%

Sale Price/ List Price & DOM

Avg Sale / Avg List

Average DOM

60

50 Sale Price to List Price Ratio

40 In November, the average sale price in Ellicott City was 101.2% of 30 the average list price, which is 1.5% higher than at this time last 20 year.

10 Days On Market

0

This month, the average number of days on market was 15, lower than the average last year, which was 22, a decrease of 32%.

Ellicott City are defined as properties listed in zip code/s 21042 and 21043.

*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. Information 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.

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