The Long & Foster Market Minute

Focus On: Arnold and Broadneck Housing Market February 2019

Zip Code(s): 21409 and 21012
Units Sold
45
Active Inventory
166
Median Sale Price
$405,000
Days On Market
102
Up
Vs. Year Ago
Down -7%
Vs. Year Ago
Down -5%
Vs. Year Ago
Up
Vs. Year Ago

Units Sold
There was an increase in total units sold in February, with 45 sold this month in Arnold and Broadneck Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 12 units or 7%. The total number of active inventory this February was 166 compared to 178 in February 2018. This month's total of 166 is lower than the previous month's total supply of available inventory of 176, a decrease of 6%.

Median Sale Price
Last February, the median sale price for Arnold and Broadneck Homes was $425,000. This February, the median sale price was $405,000, a decrease of 5% or $20,000 compared to last year. The current median sold price is 3% 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.


New Listings
62
Current Contracts
49
Sold Vs. List Price
97.8%
Months of Supply
3.7
Down -27%
Vs. Year Ago
Down -17%
Vs. Year Ago
Down -1.5%
Vs. Year Ago
Down -36%
Vs. Year Ago

Months of Supply
In February, there was 3.7 months of supply available in Arnold and Broadneck, compared to 5.7 in February 2018. That is a decrease of 36% 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 62 homes newly listed for sale in Arnold and Broadneck compared to 85 in February 2018, a decrease of 27%. There were 49 current contracts pending sale this February compared to 59 a year ago. The number of current contracts is 17% lower than last February.

Sale Price to List Price Ratio
In February, the average sale price in Arnold and Broadneck was 97.8% of the average list price, which is 1.5% lower than at this time last year.

Days on Market
This month, the average number of days on market was 102, higher than the average last year, which was 66.

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 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.