The Long & Foster Market Minute

Focus On: Annapolis Housing Market February 2019

Zip Code(s): 21401, 21403, 21402 and 21405
Units Sold
67
Active Inventory
355
Median Sale Price
$447,500
Days On Market
71
No Change
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -27%
Vs. Year Ago

Units Sold
There was an increase in total units sold in February, with 67 sold this month in Annapolis Real Estate, an increase of 34%. This month's total units sold is similar compared to a year ago.

Active Inventory
Versus last year, the total number of homes available this month is higher by 22 units or 7%. The total number of active inventory this February was 355 compared to 333 in February 2018. This month's total of 355 is higher than the previous month's total supply of available inventory of 338, an increase of 5%.

Median Sale Price
Last February, the median sale price for Annapolis Homes was $450,000. This February, the median sale price was approximately the same at $447,500. The current median sold price is 1% lower than in February 2018.

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


New Listings
150
Current Contracts
93
Sold Vs. List Price
97.2%
Months of Supply
5.3
Up 6%
Vs. Year Ago
Down -20%
Vs. Year Ago
Down -1.6%
Vs. Year Ago
Up 7%
Vs. Year Ago

Months of Supply
In February, there was 5.3 months of supply available in Annapolis, compared to 5.0 in February 2018. That is an increase 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 150 homes newly listed for sale in Annapolis compared to 142 in February 2018, an increase of 6%. There were 93 current contracts pending sale this February compared to 116 a year ago. The number of current contracts is 20% lower than last February.

Sale Price to List Price Ratio
In February, the average sale price in Annapolis was 97.2% of the average list price, which is 1.6% lower than at this time last year.

Days on Market
This month, the average number of days on market was 71, lower than the average last year, which was 97, a decrease of 27%.

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.