The Long & Foster Market Minute

Focus On: Arnold and Broadneck Housing Market December 2019

Zip Code(s): 21409 and 21012
Units Sold
44
Active Inventory
135
Median Sale Price
$450,000
Days On Market
44
Down -14%
Vs. Year Ago
Down -38%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -14%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 44 sold this month in Arnold and Broadneck Real Estate versus 56 last month, a decrease of 21%. This month's total units sold was lower than at this time last year, a decrease of 14% versus December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 84 units or 38%. The total number of active inventory this December was 135 compared to 219 in December 2018. This month's total of 135 is lower than the previous month's total supply of available inventory of 177, a decrease of 24%.

Median Sale Price
Last December, the median sale price for Arnold and Broadneck Homes was $430,000. This December, the median sale price was $450,000, an increase of 5% or $20,000 compared to last year. The current median sold price is 6% higher than in November.

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


New Listings
37
Current Contracts
41
Sold Vs. List Price
98.4%
Months of Supply
3.1
Up 16%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 1.3%
Vs. Year Ago
Down -28%
Vs. Year Ago

Months of Supply
In December, there was 3.1 months of supply available in Arnold and Broadneck, compared to 4.3 in December 2018. That is a decrease of 29% 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 37 homes newly listed for sale in Arnold and Broadneck compared to 32 in December 2018, an increase of 16%. There were 41 current contracts pending sale this December compared to 39 a year ago. The number of current contracts is 5% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Arnold and Broadneck was 98.4% 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 44, lower than the average last year, which was 51, a decrease of 14%.

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.