The Long & Foster Market Minute
Focus On: Anne Arundel County Housing Market March 2014
Units Sold
450
Active Inventory
2,622
Median Sale Price
$298,000
Days On Market
79
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 1%
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -5%
Vs. Year Ago
Units Sold
There was an increase in total units sold in March, with 450 sold this month in Anne Arundel County Real Estate versus 391 last month, an increase of 15%. This month's total units sold was higher than at this time last year, an increase of 1% versus March 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 102 units or 4%. The total number of active inventory this March was 2,622 compared to 2,520 in March 2013. This month's total of 2,622 is higher than the previous month's total supply of available inventory of 2,567, an increase of 2%.

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Median Sale Price
Last March, the median sale price for Anne Arundel County Homes was $290,000. This March, the median sale price was approximately the same at $298,000. The current median sold price is 3% higher than in March 2013.

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
1,027
Current Contracts
727
Sold Vs. List Price
97.7%
Months of Supply
5.8
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 5%
Vs. Year Ago
Up 8%
Vs. Year Ago
Up 0.9%
Vs. Year Ago
Up 3%
Vs. Year Ago
Months of Supply
In March, there was 5.8 months of supply available in Anne Arundel County, compared to 5.7 in March 2013. That is an increase of 3% 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 1,027 homes newly listed for sale in Anne Arundel County compared to 974 in March 2013, an increase of 5%. There were 727 current contracts pending sale this March compared to 674 a year ago. The number of current contracts is 8% higher than last March.

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Sale Price to List Price Ratio
In March, the average sale price in Anne Arundel County was 97.7% of the average list price, which is 0.8% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 79, lower than the average last year, which was 83, a decrease of 5%.

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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.