The Long & Foster Market Minute

Focus On: Annapolis Housing Market June 2018

Zip Code(s): 21401, 21403, 21402 and 21405
Units Sold
139
Active Inventory
477
Median Sale Price
$410,000
Days On Market
46
Down -5%
Vs. Year Ago
Down -12%
Vs. Year Ago
Down -5%
Vs. Year Ago
Down -15%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 139 sold this month in Annapolis Real Estate versus 128 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 5% versus June 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 65 units or 12%. The total number of active inventory this June was 477 compared to 542 in June 2017. This month's total of 477 is higher than the previous month's total supply of available inventory of 473, an increase of 1%.

Median Sale Price
Last June, the median sale price for Annapolis Homes was $430,000. This June, the median sale price was $410,000, a decrease of 5% or $20,000 compared to last year. The current median sold price is 5% lower than in May.

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


New Listings
192
Current Contracts
132
Sold Vs. List Price
97.0%
Months of Supply
3.4
Down -8%
Vs. Year Ago
Up 16%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In June, there was 3.4 months of supply available in Annapolis, compared to 3.7 in June 2017. That is a decrease of 7% 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 192 homes newly listed for sale in Annapolis compared to 208 in June 2017, a decrease of 8%. There were 132 current contracts pending sale this June compared to 114 a year ago. The number of current contracts is 16% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Annapolis was 97.0% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 46, lower than the average last year, which was 54, a decrease of 15%.

The Long & Foster Market Minute 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.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by MRIS 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 MRIS or Long & Foster Real Estate, Inc.