The Long & Foster Market Minute
Focus On: Anne Arundel County Housing Market October 2016
Units Sold
713
Active Inventory
2,778
Median Sale Price
$322,500
Days On Market
57
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 1%
Vs. Year Ago
Down -23%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -19%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in October, with 713 sold this month in Anne Arundel County Real Estate versus 765 last month, a decrease of 7%. This month's total units sold was higher than at this time last year, an increase of 1% versus October 2015.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 811 units or 23%. The total number of active inventory this October was 2,778 compared to 3,589 in October 2015. This month's total of 2,778 is lower than the previous month's total supply of available inventory of 3,050, a decrease of 9%.

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Median Sale Price
Last October, the median sale price for Anne Arundel County Homes was $306,075. This October, the median sale price was $322,500, an increase of 5% or $16,425 compared to last year. The current median sold price is 1% higher than in September.

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
956
Current Contracts
779
Sold Vs. List Price
97.0%
Months of Supply
3.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -3%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -0.5%
Vs. Year Ago
Down -24%
Vs. Year Ago
Months of Supply
In October, there was 3.9 months of supply available in Anne Arundel County, compared to 5.1 in October 2015. That is a decrease of 24% 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 956 homes newly listed for sale in Anne Arundel County compared to 990 in October 2015, a decrease of 3%. There were 779 current contracts pending sale this October compared to 700 a year ago. The number of current contracts is 11% higher than last October.

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Sale Price to List Price Ratio
In October, the average sale price in Anne Arundel County was 97.0% of the average list price, which is 0.5% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 57, lower than the average last year, which was 70, a decrease of 19%.

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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.