The Long & Foster Market Minute

Focus On: Annapolis Housing Market March 2019

Zip Code(s): 21401, 21403, 21402 and 21405
Units Sold
86
Active Inventory
391
Median Sale Price
$385,000
Days On Market
65
Down -13%
Vs. Year Ago
Down -2%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -30%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 86 sold this month in Annapolis Real Estate versus 68 last month, an increase of 26%. This month's total units sold was lower than at this time last year, a decrease of 13% versus March 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 8 units or 2%. The total number of active inventory this March was 391 compared to 399 in March 2018. This month's total of 391 is higher than the previous month's total supply of available inventory of 375, an increase of 4%.

Median Sale Price
Last March, the median sale price for Annapolis Homes was $420,000. This March, the median sale price was $385,000, a decrease of 8% or $35,000 compared to last year. The current median sold price is 14% 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.


New Listings
201
Current Contracts
134
Sold Vs. List Price
97.4%
Months of Supply
4.5
Down -2%
Vs. Year Ago
Up 21%
Vs. Year Ago
No Change
Vs. Year Ago
Up 13%
Vs. Year Ago

Months of Supply
In March, there was 4.5 months of supply available in Annapolis, compared to 4.0 in March 2018. That is an increase of 13% 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 201 homes newly listed for sale in Annapolis compared to 206 in March 2018, a decrease of 2%. There were 134 current contracts pending sale this March compared to 111 a year ago. The number of current contracts is 21% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Annapolis was 97.4% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 65, lower than the average last year, which was 93, a decrease of 30%.

The Long & Foster Market Minute Annapolis are defined as properties listed in zip code/s 21401, 21403, 21402 and 21405.
*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.