The Long & Foster Market Minute

Focus On: Anne Arundel County Housing Market February 2019

Units Sold
505
Active Inventory
2,004
Median Sale Price
$329,500
Days On Market
75
Down -11%
Vs. Year Ago
Up 1%
Vs. Year Ago
Up 1%
Vs. Year Ago
Up 15%
Vs. Year Ago

Units Sold
There was an increase in total units sold in February, with 505 sold this month in Anne Arundel County Real Estate versus 453 last month, an increase of 11%. This month's total units sold was lower than at this time last year, a decrease of 11% versus February 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 13 units or 1%. The total number of active inventory this February was 2,004 compared to 1,991 in February 2018. This month's total of 2,004 is lower than the previous month's total supply of available inventory of 2,163, a decrease of 7%.

Median Sale Price
Last February, the median sale price for Anne Arundel County Homes was $327,250. This February, the median sale price was $329,500, an increase of 1% or $2,250 compared to last year. The current median sold price is 2% lower than in January.

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


New Listings
895
Current Contracts
766
Sold Vs. List Price
97.9%
Months of Supply
4.0
Up 1%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Up 13%
Vs. Year Ago

Months of Supply
In February, there was 4.0 months of supply available in Anne Arundel County, compared to 3.5 in February 2018. That is an increase of 13% 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 895 homes newly listed for sale in Anne Arundel County compared to 887 in February 2018, an increase of 1%. There were 766 current contracts pending sale this February compared to 698 a year ago. The number of current contracts is 10% higher than last February.

Sale Price to List Price Ratio
In February, the average sale price in Anne Arundel County was 97.9% of the average list price, which is 0.7% 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 65, an increase of 15%.

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.