The Long & Foster Market Minute

Focus On: Arnold and Broadneck Housing Market December 2017

Zip Code(s): 21409 and 21012
Units Sold
55
Active Inventory
161
Median Sale Price
$436,500
Days On Market
58
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -5%
Vs. Year Ago
Down -24%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -13%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 55 sold this month in Arnold and Broadneck Real Estate versus 53 last month, an increase of 4%. This month's total units sold was lower than at this time last year, a decrease of 5% versus December 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 50 units or 24%. The total number of active inventory this December was 161 compared to 211 in December 2016. This month's total of 161 is lower than the previous month's total supply of available inventory of 197, a decrease of 18%.

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Median Sale Price
Last December, the median sale price for Arnold and Broadneck Homes was $419,712. This December, the median sale price was $436,500, an increase of 4% or $16,788 compared to last year. The current median sold price is 7% higher than in November.

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
38
Current Contracts
40
Sold Vs. List Price
97.6%
Months of Supply
2.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -14%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Down -20%
Vs. Year Ago

Months of Supply
In December, there was 2.9 months of supply available in Arnold and Broadneck, compared to 3.6 in December 2016. That is a decrease of 20% 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 38 homes newly listed for sale in Arnold and Broadneck compared to 44 in December 2016, a decrease of 14%. There were 40 current contracts pending sale this December compared to 39 a year ago. The number of current contracts is 3% higher than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Arnold and Broadneck was 97.6% of the average list price, which is 0.8% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 58, lower than the average last year, which was 67, a decrease of 13%.

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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 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.