The Long & Foster Market Minute
Focus On: Anne Arundel County Housing Market July 2014
Units Sold
680
Active Inventory
3,454
Median Sale Price
$324,250
Days On Market
53
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -7%
Vs. Year Ago
Up 16%
Vs. Year Ago
No Change
Vs. Year Ago
Down -13%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in July, with 680 sold this month in Anne Arundel County Real Estate versus 775 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 7% versus July 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 469 units or 16%. The total number of active inventory this July was 3,454 compared to 2,985 in July 2013. This month's total of 3,454 is lower than the previous month's total supply of available inventory of 3,553, a decrease of 3%.

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Median Sale Price
Last July, the median sale price for Anne Arundel County Homes was $323,095. This July, the median sale price was $324,250, which is similar compared to a year ago. The current median sold price is 1% higher than in June.

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
1,090
Current Contracts
746
Sold Vs. List Price
97.3%
Months of Supply
5.1
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 17%
Vs. Year Ago
Up 14%
Vs. Year Ago
No Change
Vs. Year Ago
Up 25%
Vs. Year Ago
Months of Supply
In July, there was 5.1 months of supply available in Anne Arundel County, compared to 4.1 in July 2013. That is an increase of 25% 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 1,090 homes newly listed for sale in Anne Arundel County compared to 930 in July 2013, an increase of 17%. There were 746 current contracts pending sale this July compared to 652 a year ago. The number of current contracts is 14% higher than last July.

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Sale Price to List Price Ratio
In July, the average sale price in Anne Arundel County was 97.3% 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 53, lower than the average last year, which was 61, a decrease of 13%.

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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.