The Long & Foster Market Minute

Focus On: Annapolis Housing Market July 2019

Zip Code(s): 21401, 21403, 21402 and 21405
Units Sold
146
Active Inventory
427
Median Sale Price
$458,950
Days On Market
66
Up 12%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 27%
Vs. Year Ago

Units Sold
There was an increase in total units sold in July, with 146 sold this month in Annapolis Real Estate versus 129 last month, an increase of 13%. This month's total units sold was higher than at this time last year, an increase of 12% versus July 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 51 units or 11%. The total number of active inventory this July was 427 compared to 478 in July 2018. This month's total of 427 is lower than the previous month's total supply of available inventory of 499, a decrease of 14%.

Median Sale Price
Last July, the median sale price for Annapolis Homes was $427,500. This July, the median sale price was approximately the same at $458,950. The current median sold price is 7% higher than in July 2018.

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


New Listings
135
Current Contracts
141
Sold Vs. List Price
98.0%
Months of Supply
2.9
Down -16%
Vs. Year Ago
Up 18%
Vs. Year Ago
No Change
Vs. Year Ago
Down -21%
Vs. Year Ago

Months of Supply
In July, there was 2.9 months of supply available in Annapolis, compared to 3.7 in July 2018. That is a decrease of 20% 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 135 homes newly listed for sale in Annapolis compared to 160 in July 2018, a decrease of 16%. There were 141 current contracts pending sale this July compared to 119 a year ago. The number of current contracts is 18% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in Annapolis was 98.0% 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 66, higher than the average last year, which was 52, an increase of 27%.

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.