The Long & Foster Market Minute
Focus On: Anne Arundel County Housing Market May 2015
Units Sold
714
Active Inventory
3,371
Median Sale Price
$320,000
Days On Market
70
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 1%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up 1%
Vs. Year Ago
Up 9%
Vs. Year Ago
Units Sold
There was an increase in total units sold in May, with 714 sold this month in Anne Arundel County Real Estate versus 655 last month, an increase of 9%. This month's total units sold was higher than at this time last year, an increase of 1% versus May 2014.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 117 units or 3%. The total number of active inventory this May was 3,371 compared to 3,488 in May 2014. This month's total of 3,371 is higher than the previous month's total supply of available inventory of 3,309, an increase of 2%.

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Median Sale Price
Last May, the median sale price for Anne Arundel County Homes was $318,000. This May, the median sale price was $320,000, an increase of 1% or $2,000 compared to last year. The current median sold price is 7% higher than in April.

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
1,370
Current Contracts
962
Sold Vs. List Price
97.7%
Months of Supply
4.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 6%
Vs. Year Ago
Up 34%
Vs. Year Ago
No Change
Vs. Year Ago
Down -4%
Vs. Year Ago
Months of Supply
In May, there was 4.7 months of supply available in Anne Arundel County, compared to 4.9 in May 2014. That is a decrease of 4% 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 1,370 homes newly listed for sale in Anne Arundel County compared to 1,287 in May 2014, an increase of 6%. There were 962 current contracts pending sale this May compared to 716 a year ago. The number of current contracts is 34% higher than last May.

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Sale Price to List Price Ratio
In May, 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 70, higher than the average last year, which was 64, an increase of 9%.

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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.