Queen Anne's County Housing Market Data

There was an increase in total units sold in August, with 101 sold this month in Queen Anne's County Real Estate versus 83 last month, an increase of 22%. This month's total units sold was higher than at this time last year, an increase of 25% versus August 2017.

Versus last year, the total number of homes available this month is lower by 15 units or 3%. The total number of active inventory this August was 427 compared to 442 in August 2017. This month's total of 427 is lower than the previous month's total supply of available inventory of 437, a decrease of 2%.

Last August, the median sale price for Queen Anne's County Homes was $319,000. This August, the median sale price was $349,000, an increase of 9% or $30,000 compared to last year. The current median sold price is 4% higher 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.

In August, there was 4.2 months of supply available in Queen Anne's County, compared to 5.5 in August 2017. That is a decrease of 23% 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.

This month there were 123 homes newly listed for sale in Queen Anne's County compared to 107 in August 2017, an increase of 15%. There were 88 current contracts pending sale this August, consistent with the volume a year ago. The number of current contracts is 10% lower than last month.

In August, the average sale price in Queen Anne's County was 95.9% of the average list price, which is 1.4% lower than at this time last year.

This month, the average number of days on market was 68, lower than the average last year, which was 84, a decrease of 19%.





Focus On: Queen Anne's County Housing Market			August 2018

Units Sold 101	Active Inventory 427	Median Sale Price $349,000	Days On Market 68

Up 25% Vs. Year Ago	Down -3% Vs. Year Ago	Up 9% Vs. Year Ago	Down -19% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 101 sold this month in Queen Anne's County Real Estate versus 83 last month, an increase of 22%. This month's total units sold was higher than at this time last year, an increase of 25% versus August 2017.
Active Inventory Versus last year, the total number of homes available this month is lower by 15 units or 3%. The total number of active inventory this August was 427 compared to 442 in August 2017. This month's total of 427 is lower than the previous month's total supply of available inventory of 437, a decrease of 2%.
		Median Sale Price Last August, the median sale price for Queen Anne's County Homes was $319,000. This August, the median sale price was $349,000, an increase of 9% or $30,000 compared to last year. The current median sold price is 4% higher 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.



New Listings 123	Current Contracts 88	Sold Vs. List Price 95.9%	Months of Supply 4.2

Up 15% Vs. Year Ago	No Change Vs. Year Ago	Down -1.4% Vs. Year Ago	Down -23% Vs. Year Ago


		Months of Supply In August, there was 4.2 months of supply available in Queen Anne's County, compared to 5.5 in August 2017. That is a decrease of 23% 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 123 homes newly listed for sale in Queen Anne's County compared to 107 in August 2017, an increase of 15%. There were 88 current contracts pending sale this August, consistent with the volume a year ago. The number of current contracts is 10% lower than last month.
		Sale Price to List Price Ratio In August, the average sale price in Queen Anne's County was 95.9% of the average list price, which is 1.4% lower than at this time last year. Days on Market This month, the average number of days on market was 68, lower than the average last year, which was 84, a decrease of 19%.



	*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 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.