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| Focus On: Anne Arundel County Housing Market | September 2019 | ||
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| Units Sold 874 |
Active Inventory 2,270 |
Median Sale Price $353,450 |
Days On Market 47 |
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| Up 23% Vs. Year Ago |
Down -17% Vs. Year Ago |
Up 2% Vs. Year Ago |
Up 9% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in September, with 874 sold this month in Anne Arundel County Real Estate versus 965 last month, a decrease of 9%. This month's total units sold was higher than at this time last year, an increase of 23% versus September 2018. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 476 units or 17%. The total number of active inventory this September was 2,270 compared to 2,746 in September 2018. This month's total of 2,270 is lower than the previous month's total supply of available inventory of 2,574, a decrease of 12%. |
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Median Sale Price
Last September, the median sale price for Anne Arundel County Homes was $347,250. This September, the median sale price was approximately the same at $353,450. The current median sold price is 2% higher than in September 2018. 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 1,072 |
Current Contracts 876 |
Sold Vs. List Price 98.5% |
Months of Supply 2.6 |
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| Up 4% Vs. Year Ago |
Up 31% Vs. Year Ago |
No Change Vs. Year Ago |
Down -33% Vs. Year Ago |
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Months of Supply
In September, there was 2.6 months of supply available in Anne Arundel County, compared to 3.9 in September 2018. That is a decrease of 33% 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 1,072 homes newly listed for sale in Anne Arundel County compared to 1,034 in September 2018, an increase of 4%. There were 876 current contracts pending sale this September compared to 667 a year ago. The number of current contracts is 31% higher than last September. |
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Sale Price to List Price Ratio
In September, the average sale price in Anne Arundel County was 98.5% 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 47, higher than the average last year, which was 43, an increase of 9%. | |||
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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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