ARNOLD AND BROADNECK HOUSING MARKET DATA

There was a decrease in total units sold in January, with 34 sold this month in Arnold and Broadneck Real Estate versus 35 last month, a decrease of 3%. This month's total units sold was higher than at this time last year, an increase of 3% versus January 2024.

Versus last year, the total number of homes available this month is higher by 9 units or 23%. The total number of active inventory this January was 49 compared to 40 in January 2024. This month's total of 49 is lower than the previous month's total supply of available inventory of 51, a decrease of 4%.

Last January, the median sale price for Arnold and Broadneck Homes was $595,000. This January, the median sale price was $525,000, a decrease of 12% or $70,000 compared to last year. The current median sold price is 3% lower than in December.

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

In January, there was 1.4 months of supply available in Arnold and Broadneck, compared to 1.2 in January 2024. That is an increase of 19% 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.

This month there were 26 homes newly listed for sale in Arnold and Broadneck compared to 33 in January 2024, a decrease of 21%. There were 25 current contracts pending sale this January compared to 39 a year ago. The number of current contracts is 36% lower than last January.

In January, the average sale price in Arnold and Broadneck was 100.0% of the average list price, which is 1.2% higher than at this time last year.

This month, the average number of days on market was 32, higher than the average last year, which was 30, an increase of 7%.





FOCUS ON: ARNOLD AND BROADNECK HOUSING MARKET			JANUARY 2025

Zip Code(s): 21409 and 21012
Units Sold 34	Active Inventory 49	Median Sale Price $525,000	Days On Market 32

Up 3% Vs. Year Ago	Up 23% Vs. Year Ago	Down -12% Vs. Year Ago	Up 7% Vs. Year Ago


		Units Sold There was a decrease in total units sold in January, with 34 sold this month in Arnold and Broadneck Real Estate versus 35 last month, a decrease of 3%. This month's total units sold was higher than at this time last year, an increase of 3% versus January 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 9 units or 23%. The total number of active inventory this January was 49 compared to 40 in January 2024. This month's total of 49 is lower than the previous month's total supply of available inventory of 51, a decrease of 4%.
		Median Sale Price Last January, the median sale price for Arnold and Broadneck Homes was $595,000. This January, the median sale price was $525,000, a decrease of 12% or $70,000 compared to last year. The current median sold price is 3% lower than in December. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 26	Current Contracts 25	Sold Vs. List Price 100.0%	Months of Supply 1.4

Down -21% Vs. Year Ago	Down -36% Vs. Year Ago	Up 1.3% Vs. Year Ago	Up 19% Vs. Year Ago


		Months of Supply In January, there was 1.4 months of supply available in Arnold and Broadneck, compared to 1.2 in January 2024. That is an increase of 19% 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 26 homes newly listed for sale in Arnold and Broadneck compared to 33 in January 2024, a decrease of 21%. There were 25 current contracts pending sale this January compared to 39 a year ago. The number of current contracts is 36% lower than last January.
		Sale Price to List Price Ratio In January, the average sale price in Arnold and Broadneck was 100.0% of the average list price, which is 1.2% higher than at this time last year. Days on Market This month, the average number of days on market was 32, higher than the average last year, which was 30, an increase of 7%.


	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.
	Information 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.