The Long & Foster Market Minute

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%.

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 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.