DAVIDSONVILLE, LOTHIAN, AND SOUTHERN ANNE ARUNDEL HOUSING MARKET DATA

The number of units sold remained stable in August, with 27 sold this month in Davidsonville, Lothian, and Southern Anne Arundel Real Estate. This month's total units sold was lower than at this time last year, a decrease of 28% versus August 2023.

Versus last year, the total number of homes available this month is lower by 21 units or 25%. The total number of active inventory this August was 62 compared to 83 in August 2023. This month's total of 62 is lower than the previous month's total supply of available inventory of 68, a decrease of 9%.

Last August, the median sale price for Davidsonville, Lothian, and Southern Anne Arundel Homes was $680,000. This August, the median sale price was $540,000, a decrease of 21% or $140,000 compared to last year. The current median sold price is 11% lower than in July.

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

In August, there was 2.3 months of supply available in Davidsonville, Lothian, and Southern Anne Arundel, compared to 2.8 in August 2023. That is a decrease of 17% 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 26 homes newly listed for sale in Davidsonville, Lothian, and Southern Anne Arundel compared to 36 in August 2023, a decrease of 28%. There were 27 current contracts pending sale this August compared to 35 a year ago. The number of current contracts is 23% lower than last August.

In August, the average sale price in Davidsonville, Lothian, and Southern Anne Arundel was 99.7% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 20, lower than the average last year, which was 39, a decrease of 49%.





FOCUS ON: DAVIDSONVILLE, LOTHIAN, AND SOUTHERN ANNE ARUNDEL HOUSING MARKET			AUGUST 2024

Zip Code(s): 21035, 20764, 20733, 20711, 20751, 20778, 20776, 20779, 20758 and 20765
Units Sold 27	Active Inventory 62	Median Sale Price $540,000	Days On Market 20

Down -10% Vs. Year Ago	Down -25% Vs. Year Ago	Down -21% Vs. Year Ago	Down -49% Vs. Year Ago


		Units Sold The number of units sold remained stable in August, with 27 sold this month in Davidsonville, Lothian, and Southern Anne Arundel Real Estate. This month's total units sold was lower than at this time last year, a decrease of 28% versus August 2023.
Active Inventory Versus last year, the total number of homes available this month is lower by 21 units or 25%. The total number of active inventory this August was 62 compared to 83 in August 2023. This month's total of 62 is lower than the previous month's total supply of available inventory of 68, a decrease of 9%.
		Median Sale Price Last August, the median sale price for Davidsonville, Lothian, and Southern Anne Arundel Homes was $680,000. This August, the median sale price was $540,000, a decrease of 21% or $140,000 compared to last year. The current median sold price is 11% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 26	Current Contracts 27	Sold Vs. List Price 99.7%	Months of Supply 2.3

Down -28% Vs. Year Ago	Down -23% Vs. Year Ago	No Change Vs. Year Ago	Down -17% Vs. Year Ago


		Months of Supply In August, there was 2.3 months of supply available in Davidsonville, Lothian, and Southern Anne Arundel, compared to 2.8 in August 2023. That is a decrease of 17% 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 26 homes newly listed for sale in Davidsonville, Lothian, and Southern Anne Arundel compared to 36 in August 2023, a decrease of 28%. There were 27 current contracts pending sale this August compared to 35 a year ago. The number of current contracts is 23% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Davidsonville, Lothian, and Southern Anne Arundel was 99.7% 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 20, lower than the average last year, which was 39, a decrease of 49%.


	Davidsonville, Lothian, and Southern Anne Arundel are defined as properties listed in zip code/s 21035, 20764, 20733, 20711, 20751, 20778, 20776, 20779, 20758 and 20765.
	*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.