The Long & Foster Market Minute

Focus On: Annapolis Housing Market September 2019

Zip Code(s): 21401, 21403, 21402 and 21405
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 12%
Vs. Year Ago
Down -9%
Vs. Year Ago
No Change
Vs. Year Ago
Up 17%
Vs. Year Ago

Units Sold
There was an increase in total units sold in September, with 127 sold this month in Annapolis Real Estate versus 114 last month, an increase of 11%. This month's total units sold was higher than at this time last year, an increase of 12% versus September 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 41 units or 9%. The total number of active inventory this September was 397 compared to 438 in September 2018. This month's total of 397 is lower than the previous month's total supply of available inventory of 435, a decrease of 9%.

Median Sale Price
Last September, the median sale price for Annapolis Homes was $430,000. This September, the median sale price was $428,200, which is similar compared to a year ago. The current median sold price is 9% lower than in August.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 1%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Down -19%
Vs. Year Ago

Months of Supply
In September, there was 3.1 months of supply available in Annapolis, compared to 3.9 in September 2018. That is a decrease of 19% 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 149 homes newly listed for sale in Annapolis compared to 147 in September 2018, an increase of 1%. There were 106 current contracts pending sale this September compared to 101 a year ago. The number of current contracts is 5% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Annapolis was 97.6% of the average list price, which is 0.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 63, higher than the average last year, which was 54, an increase of 17%.

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.