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| Focus On: Queen Anne's County Housing Market | March 2019 | ||
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| Units Sold 66 |
Active Inventory 375 |
Median Sale Price $299,700 |
Days On Market 98 |
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| No Change Vs. Year Ago |
Up 7% Vs. Year Ago |
Down -17% Vs. Year Ago |
Down -2% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 66 sold this month in Queen Anne's County Real Estate, an increase of 47%. This month's total units sold is similar compared to a year ago. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 25 units or 7%. The total number of active inventory this March was 375 compared to 350 in March 2018. This month's total of 375 is higher than the previous month's total supply of available inventory of 357, an increase of 5%. |
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Median Sale Price
Last March, the median sale price for Queen Anne's County Homes was $362,450. This March, the median sale price was $299,700, a decrease of 17% or $62,750 compared to last year. The current median sold price is 14% lower than in February. 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 141 |
Current Contracts 86 |
Sold Vs. List Price 97.4% |
Months of Supply 5.7 |
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| Down -4% Vs. Year Ago |
Up 13% Vs. Year Ago |
Up 1% Vs. Year Ago |
Up 7% Vs. Year Ago |
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Months of Supply
In March, there was 5.7 months of supply available in Queen Anne's County, compared to 5.3 in March 2018. That is an increase 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 141 homes newly listed for sale in Queen Anne's County compared to 147 in March 2018, a decrease of 4%. There were 86 current contracts pending sale this March compared to 76 a year ago. The number of current contracts is 13% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Queen Anne's County was 97.4% of the average list price, which is 1.0% higher than at this time last year. Days on Market
This month, the average number of days on market was 98, lower than the average last year, which was 100, a decrease of 2%. | |||
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| *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. | |||
 Information 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. |
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