The Long & Foster Market Minute
Focus On: Anne Arundel County Housing Market December 2014
Units Sold
606
Active Inventory
2,868
Median Sale Price
$309,000
Days On Market
86
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up 26%
Vs. Year Ago
Units Sold
There was an increase in total units sold in December, with 606 sold this month in Anne Arundel County Real Estate. This month's total units sold was higher than at this time last year.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 178 units or 7%. The total number of active inventory this December was 2,868 compared to 2,690 in December 2013. This month's total of 2,868 is lower than the previous month's total supply of available inventory of 3,263, a decrease of 12%.

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Median Sale Price
Last December, the median sale price for Anne Arundel County Homes was $320,000. This December, the median sale price was $309,000, a decrease of 3% or $11,000 compared to last year. The current median sold price is 1% higher than in November.

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
546
Current Contracts
469
Sold Vs. List Price
96.7%
Months of Supply
4.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 21%
Vs. Year Ago
Up 42%
Vs. Year Ago
Down -0.8%
Vs. Year Ago
Down -23%
Vs. Year Ago
Months of Supply
In December, there was 4.7 months of supply available in Anne Arundel County, compared to 6.1 in December 2013. That is a decrease of 23% 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 546 homes newly listed for sale in Anne Arundel County compared to 452 in December 2013, an increase of 21%. There were 469 current contracts pending sale this December compared to 330 a year ago. The number of current contracts is 42% higher than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Anne Arundel County was 96.7% of the average list price, which is 0.7% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 86, higher than the average last year, which was 68, an increase of 26%.

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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.