The Long & Foster Market Minute

Focus On: Anne Arundel County Housing Market April 2019

Units Sold
853
Active Inventory
2,336
Median Sale Price
$355,500
Days On Market
59
Up 2%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 13%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 853 sold this month in Anne Arundel County Real Estate versus 773 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 2% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 97 units or 4%. The total number of active inventory this April was 2336 compared to 2,433 in April 2018. This month's supply remained stable as compared to last month.

Median Sale Price
Last April, the median sale price for Anne Arundel County Homes was $350,000. This April, the median sale price was $355,500, an increase of 2% or $5,500 compared to last year. The current median sold price is 3% 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
1,434
Current Contracts
1,101
Sold Vs. List Price
98.9%
Months of Supply
2.7
No Change
Vs. Year Ago
Up 10%
Vs. Year Ago
No Change
Vs. Year Ago
Down -6%
Vs. Year Ago

Months of Supply
In April, there was 2.7 months of supply available in Anne Arundel County, compared to 2.9 in April 2018. That is a decrease of 6% 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 1,434 homes newly listed for sale in Anne Arundel County, which is similar to the amount in April 2018. There were 1,101 current contracts pending sale this April compared to 997 a year ago. The number of current contracts is 10% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Anne Arundel County was 98.9% 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 59, higher than the average last year, which was 52, an increase of 13%.

The Long & Foster Market Minute
*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.