The Long & Foster Market Minute
Focus On: Anne Arundel County Housing Market September 2014
Units Sold
569
Active Inventory
3,499
Median Sale Price
$317,800
Days On Market
63
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -5%
Vs. Year Ago
Up 14%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 2%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in September, with 569 sold this month in Anne Arundel County Real Estate versus 697 last month, a decrease of 18%. This month's total units sold was lower than at this time last year, a decrease of 5% versus September 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 437 units or 14%. The total number of active inventory this September was 3,499 compared to 3,062 in September 2013. This month's total of 3,499 is lower than the previous month's total supply of available inventory of 3,556, a decrease of 2%.

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Median Sale Price
Last September, the median sale price for Anne Arundel County Homes was $300,000. This September, the median sale price was $317,800, an increase of 6% or $17,800 compared to last year. The current median sold price is 1% lower than in August.

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
1,017
Current Contracts
631
Sold Vs. List Price
96.6%
Months of Supply
6.1
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 13%
Vs. Year Ago
Up 20%
Vs. Year Ago
Down -0.8%
Vs. Year Ago
Up 21%
Vs. Year Ago
Months of Supply
In September, there was 6.1 months of supply available in Anne Arundel County, compared to 5.1 in September 2013. That is an increase of 21% 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 1,017 homes newly listed for sale in Anne Arundel County compared to 902 in September 2013, an increase of 13%. There were 631 current contracts pending sale this September compared to 525 a year ago. The number of current contracts remained stable as compared to last September.

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Sale Price to List Price Ratio
In September, the average sale price in Anne Arundel County was 96.6% of the average list price, which is 0.8% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 63, higher than the average last year, which was 62, an increase of 2%.

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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.