The Long & Foster Market Minute

Focus On: Anne Arundel County Housing Market December 2017

Units Sold
665
Active Inventory
2,013
Median Sale Price
$332,500
Days On Market
59
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -10%
Vs. Year Ago
Down -18%
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -2%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 665 sold this month in Anne Arundel County Real Estate versus 684 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 10% versus December 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 438 units or 18%. The total number of active inventory this December was 2,013 compared to 2,451 in December 2016. This month's total of 2,013 is lower than the previous month's total supply of available inventory of 2,394, a decrease of 16%.

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Median Sale Price
Last December, the median sale price for Anne Arundel County Homes was $325,250. This December, the median sale price was $332,500, an increase of 2% or $7,250 compared to last year. The current median sold price is 2% lower 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.

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New Listings
503
Current Contracts
528
Sold Vs. List Price
97.9%
Months of Supply
3.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -12%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 0.5%
Vs. Year Ago
Down -8%
Vs. Year Ago

Months of Supply
In December, there was 3.0 months of supply available in Anne Arundel County, compared to 3.3 in December 2016. That is a decrease of 9% 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 503 homes newly listed for sale in Anne Arundel County compared to 570 in December 2016, a decrease of 12%. There were 528 current contracts pending sale this December compared to 502 a year ago. The number of current contracts is 5% higher than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Anne Arundel County was 97.9% of the average list price, which is 0.5% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 59, lower than the average last year, which was 60, a decrease of 2%.

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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.