The Long & Foster Market Minute

Focus On: Queen Anne's County Housing Market December 2019

Units Sold
85
Active Inventory
342
Median Sale Price
$375,000
Days On Market
85
Up 25%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 21%
Vs. Year Ago
Up 29%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 85 sold this month in Queen Anne's County Real Estate versus 64 last month, an increase of 33%. This month's total units sold was higher than at this time last year, an increase of 25% versus December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 68 units or 17%. The total number of active inventory this December was 342 compared to 410 in December 2018. This month's total of 342 is lower than the previous month's total supply of available inventory of 433, a decrease of 21%.

Median Sale Price
Last December, the median sale price for Queen Anne's County Homes was $310,250. This December, the median sale price was $375,000, an increase of 21% or $64,750 compared to last year. The current median sold price is 14% 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
50
Current Contracts
56
Sold Vs. List Price
96.3%
Months of Supply
4.0
Down -7%
Vs. Year Ago
Up 30%
Vs. Year Ago
Down -2.7%
Vs. Year Ago
Down -33%
Vs. Year Ago

Months of Supply
In December, there was 4.0 months of supply available in Queen Anne's County, compared to 6.0 in December 2018. That is a decrease of 33% 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 50 homes newly listed for sale in Queen Anne's County compared to 54 in December 2018, a decrease of 7%. There were 56 current contracts pending sale this December compared to 43 a year ago. The number of current contracts is 30% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Queen Anne's County was 96.3% of the average list price, which is 2.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 85, higher than the average last year, which was 66, an increase of 29%.

The Long & Foster Market Minute
*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.