The Long & Foster Market Minute

Focus On: Anne Arundel County Housing Market June 2020

Units Sold
950
Active Inventory
1,224
Median Sale Price
$379,900
Days On Market
30
Down -6%
Vs. Year Ago
Down -56%
Vs. Year Ago
No Change
Vs. Year Ago
Down -25%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 950 sold this month in Anne Arundel County Real Estate versus 714 last month, an increase of 33%. This month's total units sold was lower than at this time last year, a decrease of 6% versus June 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 1,554 units or 56%. The total number of active inventory this June was 1,224 compared to 2,778 in June 2019. This month's total of 1,224 is lower than the previous month's total supply of available inventory of 1,535, a decrease of 20%.

Median Sale Price
Last June, the median sale price for Anne Arundel County Homes was $378,885. This June, the median sale price was $379,900, which is similar compared to a year ago. The current median sold price is 3% higher than in May.

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


New Listings
1,249
Current Contracts
1,343
Sold Vs. List Price
99.0%
Months of Supply
1.3
Down -3%
Vs. Year Ago
Up 42%
Vs. Year Ago
Up 0.5%
Vs. Year Ago
Down -53%
Vs. Year Ago

Months of Supply
In June, there was 1.3 months of supply available in Anne Arundel County, compared to 2.8 in June 2019. That is a decrease of 53% 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 1,249 homes newly listed for sale in Anne Arundel County compared to 1,289 in June 2019, a decrease of 3%. There were 1,343 current contracts pending sale this June compared to 948 a year ago. The number of current contracts is 42% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Anne Arundel County was 99.0% of the average list price, which is 0.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 30, lower than the average last year, which was 40, a decrease of 25%.

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.