Annapolis Housing Market Data

There was an increase in total units sold in April, with 113 sold this month in Annapolis Real Estate versus 92 last month, an increase of 23%. This month's total units sold was lower than at this time last year, a decrease of 4% versus April 2018.

Versus last year, the total number of homes available this month is lower by 19 units or 4%. The total number of active inventory this April was 433 compared to 452 in April 2018. This month's supply remained stable as compared to last month.

Last April, the median sale price for Annapolis Homes was $435,000. This April, the median sale price was $431,750, a decrease of 1% or $3,250 compared to last year. The current median sold price is 12% higher than in March.

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

In April, there was 3.8 months of supply available in Annapolis. 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.

This month there were 208 homes newly listed for sale in Annapolis compared to 235 in April 2018, a decrease of 11%. There were 154 current contracts pending sale this April compared to 135 a year ago. The number of current contracts is 14% higher than last April.

In April, the average sale price in Annapolis was 97.5% of the average list price, which is 1.1% lower than at this time last year.

This month, the average number of days on market was 75, higher than the average last year, which was 74, an increase of 1%.





Focus On: Annapolis Housing Market			April 2019

Zip Code(s): 21401, 21403, 21402 and 21405
Units Sold 113	Active Inventory 433	Median Sale Price $431,750	Days On Market 75

Down -4% Vs. Year Ago	Down -4% Vs. Year Ago	Down -1% Vs. Year Ago	Up 1% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 113 sold this month in Annapolis Real Estate versus 92 last month, an increase of 23%. This month's total units sold was lower than at this time last year, a decrease of 4% versus April 2018.
Active Inventory Versus last year, the total number of homes available this month is lower by 19 units or 4%. The total number of active inventory this April was 433 compared to 452 in April 2018. This month's supply remained stable as compared to last month.
		Median Sale Price Last April, the median sale price for Annapolis Homes was $435,000. This April, the median sale price was $431,750, a decrease of 1% or $3,250 compared to last year. The current median sold price is 12% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 208	Current Contracts 154	Sold Vs. List Price 97.5%	Months of Supply 3.8

Down -11% Vs. Year Ago	Up 14% Vs. Year Ago	Down -1.1% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In April, there was 3.8 months of supply available in Annapolis. 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 208 homes newly listed for sale in Annapolis compared to 235 in April 2018, a decrease of 11%. There were 154 current contracts pending sale this April compared to 135 a year ago. The number of current contracts is 14% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Annapolis was 97.5% of the average list price, which is 1.1% lower than at this time last year. Days on Market This month, the average number of days on market was 75, higher than the average last year, which was 74, an increase of 1%.


	Annapolis are defined as properties listed in zip code/s 21401, 21403, 21402 and 21405.
	*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.