The Long & Foster Market Minute

Focus On: Anne Arundel County Housing Market September 2020

Units Sold
1,097
Active Inventory
987
Median Sale Price
$395,000
Days On Market
28
Up 19%
Vs. Year Ago
Down -60%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -42%
Vs. Year Ago

Units Sold
There was an increase in total units sold in September, with 1,097 sold this month in Anne Arundel County Real Estate versus 1,068 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 19% versus September 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 1,492 units or 60%. The total number of active inventory this September was 987 compared to 2,479 in September 2019. This month's total of 987 is lower than the previous month's total supply of available inventory of 1,089, a decrease of 9%.

Median Sale Price
Last September, the median sale price for Anne Arundel County Homes was $358,000. This September, the median sale price was approximately the same at $395,000. The current median sold price is 10% higher than in September 2019.

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


New Listings
1,268
Current Contracts
1,196
Sold Vs. List Price
99.1%
Months of Supply
0.9
Up 19%
Vs. Year Ago
Up 48%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Down -67%
Vs. Year Ago

Months of Supply
In September, there was 0.9 months of supply available in Anne Arundel County, compared to 2.7 in September 2019. That is a decrease of 67% 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 1,268 homes newly listed for sale in Anne Arundel County compared to 1,065 in September 2019, an increase of 19%. There were 1,196 current contracts pending sale this September compared to 810 a year ago. The number of current contracts is 48% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Anne Arundel County was 99.1% of the average list price, which is 0.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 28, lower than the average last year, which was 48, a decrease of 42%.

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.