The Long & Foster Market Minute

Focus On: Queen Anne's County Housing Market February 2019

Units Sold
45
Active Inventory
337
Median Sale Price
$349,900
Days On Market
99
Up 7%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 27%
Vs. Year Ago

Units Sold
There was an increase in total units sold in February, with 45 sold this month in Queen Anne's County Real Estate versus 36 last month, an increase of 25%. This month's total units sold was higher than at this time last year, an increase of 7% versus February 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 20 units or 6%. The total number of active inventory this February was 337 compared to 317 in February 2018. This month's total of 337 is higher than the previous month's total supply of available inventory of 335, an increase of 1%.

Median Sale Price
Last February, the median sale price for Queen Anne's County Homes was $317,500. This February, the median sale price was $349,900, an increase of 10% or $32,400 compared to last year. The current median sold price is 13% higher than in January.

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


New Listings
102
Current Contracts
67
Sold Vs. List Price
96.4%
Months of Supply
7.5
Up 13%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -1.3%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In February, there was 7.5 months of supply available in Queen Anne's County. The amount of supply is similar compared to 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 102 homes newly listed for sale in Queen Anne's County compared to 90 in February 2018, an increase of 13%. There were 67 current contracts pending sale this February compared to 59 a year ago. The number of current contracts is 14% higher than last February.

Sale Price to List Price Ratio
In February, the average sale price in Queen Anne's County was 96.4% of the average list price, which is 1.3% lower than at this time last year.

Days on Market
This month, the average number of days on market was 99, higher than the average last year, which was 78, an increase of 27%.

The Long & Foster Market Minute
*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.