The Long & Foster Market Minute
Focus On: Arnold and Broadneck Housing Market October 2016
Zip Code(s): 21409 and 21012
Units Sold
44
Active Inventory
260
Median Sale Price
$357,500
Days On Market
69
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -17%
Vs. Year Ago
Down -12%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 5%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in October, with 44 sold this month in Arnold and Broadneck Real Estate versus 67 last month, a decrease of 34%. This month's total units sold was lower than at this time last year, a decrease of 17% versus October 2015.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 37 units or 12%. The total number of active inventory this October was 260 compared to 297 in October 2015. This month's total of 260 is higher than the previous month's total supply of available inventory of 258, an increase of 1%.

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Median Sale Price
Last October, the median sale price for Arnold and Broadneck Homes was $365,000. This October, the median sale price was $357,500, a decrease of 2% or $7,500 compared to last year. The current median sold price is 2% lower than in September.

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

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New Listings
68
Current Contracts
37
Sold Vs. List Price
98.0%
Months of Supply
5.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -14%
Vs. Year Ago
Down -41%
Vs. Year Ago
Up 1.9%
Vs. Year Ago
Up 6%
Vs. Year Ago
Months of Supply
In October, there was 5.9 months of supply available in Arnold and Broadneck, compared to 5.6 in October 2015. That is an increase of 5% 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.

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New Listings & Current Contracts
This month there were 68 homes newly listed for sale in Arnold and Broadneck compared to 79 in October 2015, a decrease of 14%. There were 37 current contracts pending sale this October compared to 63 a year ago. The number of current contracts is 41% lower than last October.

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Sale Price to List Price Ratio
In October, the average sale price in Arnold and Broadneck was 98.0% of the average list price, which is 1.8% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 69, higher than the average last year, which was 66, an increase of 5%.

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Arnold and Broadneck are defined as properties listed in zip code/s 21409 and 21012.
*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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.