Annapolis Housing Market Data

There was an increase in total units sold in August, with 143 sold this month in Annapolis Real Estate versus 130 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 13% versus August 2017.

Versus last year, the total number of homes available this month is lower by 62 units or 12%. The total number of active inventory this August was 441 compared to 503 in August 2017. This month's total of 441 is lower than the previous month's total supply of available inventory of 483, a decrease of 9%.

Last August, the median sale price for Annapolis Homes was $425,000. This August, the median sale price was $435,000, an increase of 2% or $10,000 compared to last year. The current median sold price is 2% higher than in July.

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

In August, there was 3.1 months of supply available in Annapolis, compared to 4.0 in August 2017. That is a decrease of 23% 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.

This month there were 156 homes newly listed for sale in Annapolis compared to 149 in August 2017, an increase of 5%. There were 127 current contracts pending sale this August compared to 98 a year ago. The number of current contracts is 30% higher than last August.

In August, the average sale price in Annapolis was 96.9% of the average list price, which is 0.9% lower than at this time last year.

This month, the average number of days on market was 50, higher than the average last year, which was 48, an increase of 4%.





Focus On: Annapolis Housing Market			August 2018

Zip Code(s): 21401, 21403, 21402 and 21405
Units Sold 143	Active Inventory 441	Median Sale Price $435,000	Days On Market 50

Up 13% Vs. Year Ago	Down -12% Vs. Year Ago	Up 2% Vs. Year Ago	Up 4% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 143 sold this month in Annapolis Real Estate versus 130 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 13% versus August 2017.
Active Inventory Versus last year, the total number of homes available this month is lower by 62 units or 12%. The total number of active inventory this August was 441 compared to 503 in August 2017. This month's total of 441 is lower than the previous month's total supply of available inventory of 483, a decrease of 9%.
		Median Sale Price Last August, the median sale price for Annapolis Homes was $425,000. This August, the median sale price was $435,000, an increase of 2% or $10,000 compared to last year. The current median sold price is 2% higher than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 156	Current Contracts 127	Sold Vs. List Price 96.9%	Months of Supply 3.1

Up 5% Vs. Year Ago	Up 30% Vs. Year Ago	Down -0.9% Vs. Year Ago	Down -23% Vs. Year Ago


		Months of Supply In August, there was 3.1 months of supply available in Annapolis, compared to 4.0 in August 2017. That is a decrease of 23% 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 156 homes newly listed for sale in Annapolis compared to 149 in August 2017, an increase of 5%. There were 127 current contracts pending sale this August compared to 98 a year ago. The number of current contracts is 30% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Annapolis was 96.9% of the average list price, which is 0.9% lower than at this time last year. Days on Market This month, the average number of days on market was 50, higher than the average last year, which was 48, an increase of 4%.


	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 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.