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| Focus On: Anne Arundel County Housing Market | May 2020 | ||
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| Units Sold 703 |
Active Inventory 1,425 |
Median Sale Price $369,000 |
Days On Market 35 |
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| Down -30% Vs. Year Ago |
Down -48% Vs. Year Ago |
Up 3% Vs. Year Ago |
Down -15% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in May, with 703 sold this month in Anne Arundel County Real Estate versus 749 last month, a decrease of 6%. This month's total units sold was lower than at this time last year, a decrease of 30% versus May 2019. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 1,293 units or 48%. The total number of active inventory this May was 1,425 compared to 2,718 in May 2019. This month's total of 1,425 is lower than the previous month's total supply of available inventory of 1,637, a decrease of 13%. |
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Median Sale Price
Last May, the median sale price for Anne Arundel County Homes was $359,900. This May, the median sale price was approximately the same at $369,000. The current median sold price is 3% higher than in May 2019. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 1,116 |
Current Contracts 1,141 |
Sold Vs. List Price 98.7% |
Months of Supply 2.0 |
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| Down -23% Vs. Year Ago |
Up 11% Vs. Year Ago |
No Change Vs. Year Ago |
Down -25% Vs. Year Ago |
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Months of Supply
In May, there was 2.0 months of supply available in Anne Arundel County, compared to 2.7 in May 2019. That is a decrease of 25% 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. |
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New Listings & Current Contracts
This month there were 1,116 homes newly listed for sale in Anne Arundel County compared to 1,458 in May 2019, a decrease of 23%. There were 1,141 current contracts pending sale this May compared to 1,031 a year ago. The number of current contracts is 11% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Anne Arundel County was 98.7% 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 35, lower than the average last year, which was 41, a decrease of 15%. | |||
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| *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. | |||
 Information 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. |
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