The Long & Foster Market Minute

Focus On: Anne Arundel County Housing Market December 2020

Units Sold
970
Active Inventory
695
Median Sale Price
$384,000
Days On Market
23
Up 25%
Vs. Year Ago
Down -60%
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -54%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 970 sold this month in Anne Arundel County Real Estate versus 992 last month, a decrease of 2%. This month's total units sold was higher than at this time last year, an increase of 25% versus December 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 1,062 units or 60%. The total number of active inventory this December was 695 compared to 1,757 in December 2019. This month's total of 695 is lower than the previous month's total supply of available inventory of 986, a decrease of 30%.

Median Sale Price
Last December, the median sale price for Anne Arundel County Homes was $376,395. This December, the median sale price was $384,000, an increase of 2% or $7,605 compared to last year. The current median sold price is 4% lower than in November.

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


New Listings
640
Current Contracts
743
Sold Vs. List Price
99.4%
Months of Supply
0.7
Up 24%
Vs. Year Ago
Up 41%
Vs. Year Ago
Up 1.7%
Vs. Year Ago
Down -68%
Vs. Year Ago

Months of Supply
In December, there was 0.7 months of supply available in Anne Arundel County, compared to 2.3 in December 2019. That is a decrease of 68% 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 640 homes newly listed for sale in Anne Arundel County compared to 517 in December 2019, an increase of 24%. There were 743 current contracts pending sale this December compared to 526 a year ago. The number of current contracts is 41% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Anne Arundel County was 99.4% of the average list price, which is 1.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 23, lower than the average last year, which was 50, a decrease of 54%.

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.