The Long & Foster Market Minute
Focus On: Arnold and Broadneck Housing Market July 2016
Zip Code(s): 21409 and 21012
Units Sold
56
Active Inventory
244
Median Sale Price
$442,875
Days On Market
57
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down
Vs. Year Ago
Down -16%
Vs. Year Ago
Up 20%
Vs. Year Ago
Down -2%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in July, with 56 sold this month in Arnold and Broadneck Real Estate. This month's total units sold was lower than at this time last year.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 47 units or 16%. The total number of active inventory this July was 244 compared to 291 in July 2015. This month's total of 244 is lower than the previous month's total supply of available inventory of 248, a decrease of 2%.

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Median Sale Price
Last July, the median sale price for Arnold and Broadneck Homes was $370,000. This July, the median sale price was $442,875, an increase of 20% or $72,875 compared to last year. The current median sold price is 11% higher than in June.

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
96
Current Contracts
67
Sold Vs. List Price
97.5%
Months of Supply
4.4
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 2%
Vs. Year Ago
Down -18%
Vs. Year Ago
Down -1.2%
Vs. Year Ago
Down -7%
Vs. Year Ago
Months of Supply
In July, there was 4.4 months of supply available in Arnold and Broadneck, compared to 4.7 in July 2015. That is a decrease of 7% 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 96 homes newly listed for sale in Arnold and Broadneck compared to 94 in July 2015, an increase of 2%. There were 67 current contracts pending sale this July compared to 82 a year ago. The number of current contracts is 18% lower than last July.

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Sale Price to List Price Ratio
In July, the average sale price in Arnold and Broadneck was 97.5% of the average list price, which is 1.2% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 57, lower than the average last year, which was 58, a decrease of 2%.

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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.