The Long & Foster Market Minute

Focus On: Anne Arundel County Housing Market January 2019

Units Sold
414
Active Inventory
1,989
Median Sale Price
$334,995
Days On Market
75
Down -10%
Vs. Year Ago
No Change
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -5%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in January, with 414 sold this month in Anne Arundel County Real Estate versus 620 last month, a decrease of 33%. This month's total units sold was lower than at this time last year, a decrease of 10% versus January 2018.

Active Inventory
The total number of homes available this month is 1,989 units, which is similar compared to a year ago. This month's total of 1,989 is lower than the previous month's total supply of available inventory of 2,344, a decrease of 15%.

Median Sale Price
Last January, the median sale price for Anne Arundel County Homes was $324,990. This January, the median sale price was $334,995, an increase of 3% or $10,005 compared to last year. The current median sold price is 1% lower than in December.

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


New Listings
809
Current Contracts
676
Sold Vs. List Price
97.6%
Months of Supply
4.8
Up 5%
Vs. Year Ago
Up 5%
Vs. Year Ago
No Change
Vs. Year Ago
Up 11%
Vs. Year Ago

Months of Supply
In January, there was 4.8 months of supply available in Anne Arundel County, compared to 4.3 in January 2018. That is an increase of 11% 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 809 homes newly listed for sale in Anne Arundel County compared to 770 in January 2018, an increase of 5%. There were 676 current contracts pending sale this January compared to 641 a year ago. The number of current contracts is 5% higher than last January.

Sale Price to List Price Ratio
In January, the average sale price in Anne Arundel County was 97.6% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 75, lower than the average last year, which was 79, a decrease of 5%.

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.