The Long & Foster Market Minute

Focus On: Annapolis Housing Market April 2020

Zip Code(s): 21401, 21403, 21402 and 21405
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -17%
Vs. Year Ago
Down -36%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -16%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 95 sold this month in Annapolis Real Estate versus 132 last month, a decrease of 28%. This month's total units sold was lower than at this time last year, a decrease of 17% versus April 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 159 units or 36%. The total number of active inventory this April was 286 compared to 445 in April 2019. This month's total of 286 is lower than the previous month's total supply of available inventory of 296, a decrease of 3%.

Median Sale Price
Last April, the median sale price for Annapolis Homes was $430,000. This April, the median sale price was $425,000, a decrease of 1% or $5,000 compared to last year. The current median sold price is 1% lower than in March.

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
Down -37%
Vs. Year Ago
Down -40%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -23%
Vs. Year Ago

Months of Supply
In April, there was 3.0 months of supply available in Annapolis, compared to 3.9 in April 2019. That is a decrease of 23% 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 131 homes newly listed for sale in Annapolis compared to 207 in April 2019, a decrease of 37%. There were 88 current contracts pending sale this April compared to 147 a year ago. The number of current contracts is 40% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Annapolis was 98.4% of the average list price, which is 1.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 54, lower than the average last year, which was 64, a decrease of 16%.

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.