The Long & Foster Market Minute

Focus On: Arnold and Broadneck Housing Market October 2021

Zip Code(s): 21409 and 21012
Units Sold
73
Active Inventory
59
Median Sale Price
$458,000
Days On Market
20
Down -20%
Vs. Year Ago
Down -36%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -9%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 73 sold this month in Arnold and Broadneck Real Estate versus 76 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 20% versus October 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 33 units or 36%. The total number of active inventory this October was 59 compared to 92 in October 2020. This month's total of 59 is lower than the previous month's total supply of available inventory of 78, a decrease of 24%.

Median Sale Price
Last October, the median sale price for Arnold and Broadneck Homes was $440,000. This October, the median sale price was $458,000, an increase of 4% or $18,000 compared to last year. The current median sold price is 7% 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
71
Current Contracts
80
Sold Vs. List Price
101.3%
Months of Supply
0.8
Down -13%
Vs. Year Ago
Up 19%
Vs. Year Ago
Up 2.5%
Vs. Year Ago
Down -20%
Vs. Year Ago

Months of Supply
In October, there was 0.8 months of supply available in Arnold and Broadneck, compared to 1.0 in October 2020. That is a decrease of 20% 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 71 homes newly listed for sale in Arnold and Broadneck compared to 82 in October 2020, a decrease of 13%. There were 80 current contracts pending sale this October compared to 67 a year ago. The number of current contracts is 19% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Arnold and Broadneck was 101.3% of the average list price, which is 2.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 20, lower than the average last year, which was 22, a decrease of 9%.

The Long & Foster Market Minute 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.
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.