The Long & Foster Market Minute

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

Units Sold
67
Active Inventory
386
Median Sale Price
$335,000
Days On Market
78
Down -32%
Vs. Year Ago
Down -20%
Vs. Year Ago
Up 8%
Vs. Year Ago
Down -8%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 67 sold this month in Queen Anne's County Real Estate versus 69 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 32% versus April 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 94 units or 20%. The total number of active inventory this April was 386 compared to 480 in April 2017. This month's total of 386 is higher than the previous month's total supply of available inventory of 369, an increase of 5%.

Median Sale Price
Last April, the median sale price for Queen Anne's County Homes was $310,500. This April, the median sale price was $335,000, an increase of 8% or $24,500 compared to last year. The current median sold price is 8% lower than in March.

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


New Listings
140
Current Contracts
81
Sold Vs. List Price
96.3%
Months of Supply
5.8
Up 1%
Vs. Year Ago
Down -7%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
Up 18%
Vs. Year Ago

Months of Supply
In April, there was 5.8 months of supply available in Queen Anne's County, compared to 4.9 in April 2017. That is an increase of 18% 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 140 homes newly listed for sale in Queen Anne's County compared to 139 in April 2017, an increase of 1%. There were 81 current contracts pending sale this April compared to 87 a year ago. The number of current contracts is 7% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Queen Anne's County was 96.3% of the average list price, which is 0.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 78, lower than the average last year, which was 85, a decrease of 8%.

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 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.