The Long & Foster Market Minute

Focus On: Arnold and Broadneck Housing Market August 2019

Zip Code(s): 21409 and 21012
Units Sold
69
Active Inventory
182
Median Sale Price
$389,000
Days On Market
42
Down -20%
Vs. Year Ago
Down -21%
Vs. Year Ago
Down -5%
Vs. Year Ago
Down -5%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 69 sold this month in Arnold and Broadneck Real Estate versus 87 last month, a decrease of 21%. This month's total units sold was lower than at this time last year, a decrease of 20% versus August 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 49 units or 21%. The total number of active inventory this August was 182 compared to 231 in August 2018. This month's total of 182 is lower than the previous month's total supply of available inventory of 214, a decrease of 15%.

Median Sale Price
Last August, the median sale price for Arnold and Broadneck Homes was $410,000. This August, the median sale price was $389,000, a decrease of 5% or $21,000 compared to last year. The current median sold price is 11% lower than in July.

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


New Listings
77
Current Contracts
72
Sold Vs. List Price
97.2%
Months of Supply
2.6
Down -22%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In August, there was 2.6 months of supply available in Arnold and Broadneck. The amount of supply is similar compared to 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 77 homes newly listed for sale in Arnold and Broadneck compared to 99 in August 2018, a decrease of 22%. There were 72 current contracts pending sale this August compared to 75 a year ago. The number of current contracts is 4% lower than last August.

Sale Price to List Price Ratio
In August, the average sale price in Arnold and Broadneck was 97.2% of the average list price, which is higher than at this time last year.

Days on Market
This month, the average number of days on market was 42, lower than the average last year, which was 44, a decrease of 5%.

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.