The Long & Foster Market Minute

Focus On: Annapolis Housing Market June 2020

Zip Code(s): 21401, 21403, 21402 and 21405
Units Sold
128
Active Inventory
279
Median Sale Price
$472,000
Days On Market
37
Down -1%
Vs. Year Ago
Down -45%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -24%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 128 sold this month in Annapolis Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 226 units or 45%. The total number of active inventory this June was 279 compared to 505 in June 2019. This month's total of 279 is lower than the previous month's total supply of available inventory of 326, a decrease of 14%.

Median Sale Price
Last June, the median sale price for Annapolis Homes was $460,000. This June, the median sale price was $472,000, an increase of 3% or $12,000 compared to last year. The current median sold price is 4% higher than in May.

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


New Listings
183
Current Contracts
187
Sold Vs. List Price
97.9%
Months of Supply
2.2
Down -5%
Vs. Year Ago
Up 61%
Vs. Year Ago
Up 1.5%
Vs. Year Ago
Down -44%
Vs. Year Ago

Months of Supply
In June, there was 2.2 months of supply available in Annapolis, compared to 3.9 in June 2019. That is a decrease of 44% 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 183 homes newly listed for sale in Annapolis compared to 193 in June 2019, a decrease of 5%. There were 187 current contracts pending sale this June compared to 116 a year ago. The number of current contracts is 61% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Annapolis was 97.9% of the average list price, which is 1.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 37, lower than the average last year, which was 49, a decrease of 24%.

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.