The Long & Foster Market Minute

Focus On: Anne Arundel County Housing Market March 2021

Units Sold
923
Active Inventory
550
Median Sale Price
$406,300
Days On Market
21
Up 2%
Vs. Year Ago
Down -69%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -51%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 923 sold this month in Anne Arundel County Real Estate versus 718 last month, an increase of 29%. This month's total units sold was higher than at this time last year, an increase of 2% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 1,222 units or 69%. The total number of active inventory this March was 550 compared to 1,772 in March 2020. This month's total of 550 is lower than the previous month's total supply of available inventory of 673, a decrease of 18%.

Median Sale Price
Last March, the median sale price for Anne Arundel County Homes was $385,000. This March, the median sale price was $406,300, an increase of 6% or $21,300 compared to last year. The current median sold price is 3% higher than in February.

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


New Listings
1,178
Current Contracts
1,169
Sold Vs. List Price
100.7%
Months of Supply
0.6
Down -3%
Vs. Year Ago
Up 30%
Vs. Year Ago
Up 1.7%
Vs. Year Ago
Down -69%
Vs. Year Ago

Months of Supply
In March, there was 0.6 months of supply available in Anne Arundel County, compared to 2.0 in March 2020. That is a decrease of 69% 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 1,178 homes newly listed for sale in Anne Arundel County compared to 1,213 in March 2020, a decrease of 3%. There were 1,169 current contracts pending sale this March compared to 902 a year ago. The number of current contracts is 30% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Anne Arundel County was 100.7% 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 21, lower than the average last year, which was 43, a decrease of 51%.

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.