The Long & Foster Market Minute
Focus On: Arnold and Broadneck Housing Market February 2017
Zip Code(s): 21409 and 21012
Units Sold
38
Active Inventory
178
Median Sale Price
$373,950
Days On Market
83
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 19%
Vs. Year Ago
Down -20%
Vs. Year Ago
No Change
Vs. Year Ago
Down -3%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in February, with 38 sold this month in Arnold and Broadneck Real Estate versus 42 last month, a decrease of 10%. This month's total units sold was higher than at this time last year, an increase of 19% versus February 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 44 units or 20%. The total number of active inventory this February was 178 compared to 222 in February 2016. This month's total of 178 is lower than the previous month's total supply of available inventory of 192, a decrease of 7%.

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Median Sale Price
Last February, the median sale price for Arnold and Broadneck Homes was $372,500. This February, the median sale price was $373,950, which is similar compared to a year ago. The current median sold price is 16% higher than in January.

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
81
Current Contracts
72
Sold Vs. List Price
83.5%
Months of Supply
4.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 62%
Vs. Year Ago
Up 22%
Vs. Year Ago
Down
Vs. Year Ago
Down -33%
Vs. Year Ago
Months of Supply
In February, there was 4.7 months of supply available in Arnold and Broadneck, compared to 6.9 in February 2016. That is a decrease of 32% 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 81 homes newly listed for sale in Arnold and Broadneck compared to 50 in February 2016, an increase of 62%. There were 72 current contracts pending sale this February compared to 59 a year ago. The number of current contracts is 22% higher than last February.

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Sale Price to List Price Ratio
In February, the average sale price in Arnold and Broadneck was 83.5% of the average list price, which is lower than at this time last year.

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Days on Market
This month, the average number of days on market was 83, lower than the average last year, which was 86, a decrease of 3%.

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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.