The Long & Foster Market Minute
Focus On: Anne Arundel County Housing Market June 2015
Units Sold
898
Active Inventory
3,399
Median Sale Price
$322,000
Days On Market
64
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 15%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 14%
Vs. Year Ago
Units Sold
There was an increase in total units sold in June, with 898 sold this month in Anne Arundel County Real Estate versus 741 last month, an increase of 21%. This month's total units sold was higher than at this time last year, an increase of 15% versus June 2014.

Click here to compare the units sold of this area against other locations.
Active Inventory
Versus last year, the total number of homes available this month is lower by 291 units or 8%. The total number of active inventory this June was 3,399 compared to 3,690 in June 2014. This month's total of 3,399 is lower than the previous month's total supply of available inventory of 3,521, a decrease of 3%.

Click here to compare the active inventory of this area against other locations.
Median Sale Price
Last June, the median sale price for Anne Arundel County Homes was $329,500. This June, the median sale price was $322,000, a decrease of 2% or $7,500 compared to last year. The current median sold price is 1% 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.

Click here to compare the median sale price of this area against other locations.
New Listings
1,174
Current Contracts
881
Sold Vs. List Price
97.7%
Months of Supply
3.8
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -2%
Vs. Year Ago
Up 29%
Vs. Year Ago
No Change
Vs. Year Ago
Down -20%
Vs. Year Ago
Months of Supply
In June, there was 3.8 months of supply available in Anne Arundel County, compared to 4.7 in June 2014. 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.

Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts
This month there were 1,174 homes newly listed for sale in Anne Arundel County compared to 1,192 in June 2014, a decrease of 2%. There were 881 current contracts pending sale this June compared to 684 a year ago. The number of current contracts is 29% higher than last June.

Click here to compare the new listings of this area against other locations.

Click here to compare the current contracts of this area against other locations.
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.

Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market
This month, the average number of days on market was 64, higher than the average last year, which was 56, an increase of 14%.

Click here to compare the days on market of this area against other locations.
*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.