The Long & Foster Market Minute

Focus On: Annapolis Housing Market December 2019

Zip Code(s): 21401, 21403, 21402 and 21405
Units Sold
114
Active Inventory
260
Median Sale Price
$527,500
Days On Market
64
Up
Vs. Year Ago
Down -38%
Vs. Year Ago
Up 17%
Vs. Year Ago
Up 3%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 114 sold this month in Annapolis Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 157 units or 38%. The total number of active inventory this December was 260 compared to 417 in December 2018. This month's total of 260 is lower than the previous month's total supply of available inventory of 388, a decrease of 33%.

Median Sale Price
Last December, the median sale price for Annapolis Homes was $449,000. This December, the median sale price was $527,500, an increase of $78,500 compared to last year. The current median sold price is higher 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.


New Listings
64
Current Contracts
76
Sold Vs. List Price
94.8%
Months of Supply
2.3
No Change
Vs. Year Ago
Up 90%
Vs. Year Ago
Down -2.8%
Vs. Year Ago
Down -55%
Vs. Year Ago

Months of Supply
In December, there was 2.3 months of supply available in Annapolis, compared to 5.0 in December 2018. That is a decrease of 55% 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 64 homes newly listed for sale in Annapolis, which is similar to the amount in December 2018. There were 76 current contracts pending sale this December compared to 40 a year ago. The number of current contracts is 90% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Annapolis was 94.8% of the average list price, which is 2.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 64, higher than the average last year, which was 62, an increase of 3%.

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.