The Long & Foster Market Minute

Focus On: Arnold and Broadneck Housing Market April 2019

Zip Code(s): 21409 and 21012
Units Sold
75
Active Inventory
213
Median Sale Price
$400,000
Days On Market
73
Up 17%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 87%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 75 sold this month in Arnold and Broadneck Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 10 units or 5%. The total number of active inventory this April was 213 compared to 203 in April 2018. This month's total of 213 is lower than the previous month's total supply of available inventory of 226, a decrease of 6%.

Median Sale Price
Last April, the median sale price for Arnold and Broadneck Homes was $441,325. This April, the median sale price was $400,000, a decrease of 9% or $41,325 compared to last year. The current median sold price is 9% lower than in March.

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


New Listings
101
Current Contracts
91
Sold Vs. List Price
99.0%
Months of Supply
2.8
Down -12%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago
Down -10%
Vs. Year Ago

Months of Supply
In April, there was 2.8 months of supply available in Arnold and Broadneck, compared to 3.2 in April 2018. That is a decrease of 10% 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 101 homes newly listed for sale in Arnold and Broadneck compared to 115 in April 2018, a decrease of 12%. There were 91 current contracts pending sale this April, consistent with the volume a year ago. The number of current contracts is 11% higher than last month.

Sale Price to List Price Ratio
In April, the average sale price in Arnold and Broadneck was 99.0% 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 73, higher than the average last year, which was 39, an increase of 87%.

The Long & Foster Market Minute 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 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.