The Long & Foster Market Minute

Focus On: Arnold and Broadneck Housing Market June 2019

Zip Code(s): 21409 and 21012
Units Sold
88
Active Inventory
225
Median Sale Price
$460,000
Days On Market
67
Up 2%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 19%
Vs. Year Ago
Up 91%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 88 sold this month in Arnold and Broadneck Real Estate versus 82 last month, an increase of 7%. This month's total units sold was higher than at this time last year, an increase of 2% versus June 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 10 units or 4%. The total number of active inventory this June was 225 compared to 235 in June 2018. This month's total of 225 is lower than the previous month's total supply of available inventory of 228, a decrease of 1%.

Median Sale Price
Last June, the median sale price for Arnold and Broadneck Homes was $384,950. This June, the median sale price was $460,000, an increase of 19% or $75,050 compared to last year. The current median sold price is 2% higher than in May.

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


New Listings
103
Current Contracts
72
Sold Vs. List Price
98.1%
Months of Supply
2.6
Up 2%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -0.8%
Vs. Year Ago
Down -6%
Vs. Year Ago

Months of Supply
In June, there was 2.6 months of supply available in Arnold and Broadneck, compared to 2.7 in June 2018. That is a decrease of 6% 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 103 homes newly listed for sale in Arnold and Broadneck compared to 101 in June 2018, an increase of 2%. There were 72 current contracts pending sale this June compared to 67 a year ago. The number of current contracts is 7% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Arnold and Broadneck was 98.1% of the average list price, which is 0.8% lower than at this time last year.

Days on Market
This month, the average number of days on market was 67, higher than the average last year, which was 35, an increase of 91%.

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.