The Long & Foster Market Minute
Focus On: Anne Arundel County Housing Market June 2014
Units Sold
760
Active Inventory
3,406
Median Sale Price
$329,000
Days On Market
57
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 5%
Vs. Year Ago
Up 13%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -8%
Vs. Year Ago
Units Sold
There was an increase in total units sold in June, with 760 sold this month in Anne Arundel County Real Estate versus 694 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 5% versus June 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 390 units or 13%. The total number of active inventory this June was 3,406 compared to 3,016 in June 2013. This month's total of 3,406 is higher than the previous month's total supply of available inventory of 3,338, an increase of 2%.

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Median Sale Price
Last June, the median sale price for Anne Arundel County Homes was $315,000. This June, the median sale price was $329,000, an increase of 4% or $14,000 compared to last year. The current median sold price is 4% higher than in May.

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
1,188
Current Contracts
779
Sold Vs. List Price
97.7%
Months of Supply
4.5
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 12%
Vs. Year Ago
Up 13%
Vs. Year Ago
No Change
Vs. Year Ago
Up 8%
Vs. Year Ago
Months of Supply
In June, there was 4.5 months of supply available in Anne Arundel County, compared to 4.2 in June 2013. 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.

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New Listings & Current Contracts
This month there were 1,188 homes newly listed for sale in Anne Arundel County compared to 1,065 in June 2013, an increase of 12%. There were 779 current contracts pending sale this June compared to 689 a year ago. The number of current contracts is 13% higher than last June.

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Sale Price to List Price Ratio
In June, the average sale price in Anne Arundel County was 97.7% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 57, lower than the average last year, which was 62, a decrease of 8%.

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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.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by MRIS 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 MRIS or Long & Foster Real Estate, Inc.