Arnold and Broadneck Housing Market Data

There was a decrease in total units sold in October, with 38 sold this month in Arnold and Broadneck Real Estate versus 39 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 17% versus October 2022.

Versus last year, the total number of homes available this month is lower by 7 units or 11%. The total number of active inventory this October was 56 compared to 63 in October 2022. This month's total of 56 is lower than the previous month's total supply of available inventory of 59, a decrease of 5%.

Last October, the median sale price for Arnold and Broadneck Homes was $477,500. This October, the median sale price was $590,000, an increase of 24% or $112,500 compared to last year. The current median sold price is 16% higher than in September.

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

In October, there was 1.5 months of supply available in Arnold and Broadneck, compared to 1.4 in October 2022. That is an increase of 8% 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.

This month there were 34 homes newly listed for sale in Arnold and Broadneck compared to 50 in October 2022, a decrease of 32%. There were 29 current contracts pending sale this October compared to 43 a year ago. The number of current contracts is 33% lower than last October.

In October, the average sale price in Arnold and Broadneck was 100.4% of the average list price, which is 3.0% higher than at this time last year.

This month, the average number of days on market was 32, higher than the average last year, which was 24, an increase of 33%.





Focus On: Arnold and Broadneck Housing Market			October 2023

Zip Code(s): 21409 and 21012
Units Sold 38	Active Inventory 56	Median Sale Price $590,000	Days On Market 32

Down -17% Vs. Year Ago	Down -11% Vs. Year Ago	Up 24% Vs. Year Ago	Up 33% Vs. Year Ago


		Units Sold There was a decrease in total units sold in October, with 38 sold this month in Arnold and Broadneck Real Estate versus 39 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 17% versus October 2022.
Active Inventory Versus last year, the total number of homes available this month is lower by 7 units or 11%. The total number of active inventory this October was 56 compared to 63 in October 2022. This month's total of 56 is lower than the previous month's total supply of available inventory of 59, a decrease of 5%.
		Median Sale Price Last October, the median sale price for Arnold and Broadneck Homes was $477,500. This October, the median sale price was $590,000, an increase of 24% or $112,500 compared to last year. The current median sold price is 16% higher than in September. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 34	Current Contracts 29	Sold Vs. List Price 100.4%	Months of Supply 1.5

Down -32% Vs. Year Ago	Down -33% Vs. Year Ago	Up 3.1% Vs. Year Ago	Up 7% Vs. Year Ago


		Months of Supply In October, there was 1.5 months of supply available in Arnold and Broadneck, compared to 1.4 in October 2022. That is an increase of 8% 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 34 homes newly listed for sale in Arnold and Broadneck compared to 50 in October 2022, a decrease of 32%. There were 29 current contracts pending sale this October compared to 43 a year ago. The number of current contracts is 33% lower than last October.
		Sale Price to List Price Ratio In October, the average sale price in Arnold and Broadneck was 100.4% of the average list price, which is 3.0% higher than at this time last year. Days on Market This month, the average number of days on market was 32, higher than the average last year, which was 24, an increase of 33%.


	Arnold and Broadneck are defined as properties listed in zip code/s 21409 and 21012.
	*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.