The Long & Foster Market Minute

Focus On: Annapolis Housing Market May 2018

Zip Code(s): 21401, 21403, 21402 and 21405
Units Sold
125
Active Inventory
466
Median Sale Price
$429,900
Days On Market
40
Down -12%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -42%
Vs. Year Ago

Units Sold
There was an increase in total units sold in May, with 125 sold this month in Annapolis Real Estate versus 117 last month, an increase of 7%. This month's total units sold was lower than at this time last year, a decrease of 12% versus May 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 44 units or 9%. The total number of active inventory this May was 466 compared to 510 in May 2017. This month's supply remained stable as compared to last month.

Median Sale Price
Last May, the median sale price for Annapolis Homes was $426,250. This May, the median sale price was $429,900, an increase of 1% or $3,650 compared to last year. The current median sold price is 1% lower than in April.

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


New Listings
202
Current Contracts
149
Sold Vs. List Price
97.7%
Months of Supply
3.7
Down -9%
Vs. Year Ago
Down -6%
Vs. Year Ago
No Change
Vs. Year Ago
Up 4%
Vs. Year Ago

Months of Supply
In May, there was 3.7 months of supply available in Annapolis, compared to 3.6 in May 2017. That is an increase of 4% 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 202 homes newly listed for sale in Annapolis compared to 223 in May 2017, a decrease of 9%. There were 149 current contracts pending sale this May compared to 158 a year ago. The number of current contracts is 6% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Annapolis was 97.7% 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 40, lower than the average last year, which was 69, a decrease of 42%.

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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.