The Long & Foster Market Minute
Focus On: Anne Arundel County Housing Market March 2017
Units Sold
789
Active Inventory
2,337
Median Sale Price
$305,500
Days On Market
63
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 8%
Vs. Year Ago
Down -20%
Vs. Year Ago
No Change
Vs. Year Ago
Down -17%
Vs. Year Ago
Units Sold
There was an increase in total units sold in March, with 789 sold this month in Anne Arundel County Real Estate. This month's total units sold was higher than at this time last year.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 569 units or 20%. The total number of active inventory this March was 2,337 compared to 2,906 in March 2016. This month's total of 2,337 is higher than the previous month's total supply of available inventory of 2,270, an increase of 3%.

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Median Sale Price
Last March, the median sale price for Anne Arundel County Homes was $307,000. This March, the median sale price was $305,500, which is similar compared to a year ago. The current median sold price is 1% 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
1,408
Current Contracts
1,061
Sold Vs. List Price
98.3%
Months of Supply
3.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
No Change
Vs. Year Ago
Up 13%
Vs. Year Ago
No Change
Vs. Year Ago
Down -26%
Vs. Year Ago
Months of Supply
In March, there was 3.0 months of supply available in Anne Arundel County, compared to 4.0 in March 2016. That is a decrease of 26% 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 1,408 homes newly listed for sale in Anne Arundel County, which is similar to the amount in March 2016. There were 1,061 current contracts pending sale this March compared to 940 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 Anne Arundel County was 98.3% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 63, lower than the average last year, which was 76, a decrease of 17%.

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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.
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.