The Long & Foster Market Minute
Focus On: Arnold and Broadneck Housing Market August 2016
Zip Code(s): 21409 and 21012
Units Sold
72
Active Inventory
243
Median Sale Price
$352,450
Days On Market
52
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -20%
Vs. Year Ago
Down -16%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -19%
Vs. Year Ago
Units Sold
There was an increase in total units sold in August, with 72 sold this month in Arnold and Broadneck Real Estate versus 56 last month, an increase of 29%. This month's total units sold was lower than at this time last year, a decrease of 20% versus August 2015.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 48 units or 16%. The total number of active inventory this August was 243 compared to 291 in August 2015. This month's total of 243 is lower than the previous month's total supply of available inventory of 254, a decrease of 4%.

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Median Sale Price
Last August, the median sale price for Arnold and Broadneck Homes was $354,500. This August, the median sale price was $352,450, a decrease of 1% or $2,050 compared to last year. The current median sold price is 19% lower than in July.

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
89
Current Contracts
75
Sold Vs. List Price
96.4%
Months of Supply
3.4
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 11%
Vs. Year Ago
Up 39%
Vs. Year Ago
Down -1.1%
Vs. Year Ago
Up 5%
Vs. Year Ago
Months of Supply
In August, there was 3.4 months of supply available in Arnold and Broadneck, compared to 3.2 in August 2015. That is an increase of 4% 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 89 homes newly listed for sale in Arnold and Broadneck compared to 80 in August 2015, an increase of 11%. There were 75 current contracts pending sale this August compared to 54 a year ago. The number of current contracts is 39% higher than last August.

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Sale Price to List Price Ratio
In August, the average sale price in Arnold and Broadneck was 96.4% of the average list price, which is 1.0% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 52, lower than the average last year, which was 64, a decrease of 19%.

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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.