The Long & Foster Market Minute
Focus On: Anne Arundel County Housing Market November 2014
Units Sold
489
Active Inventory
3,167
Median Sale Price
$304,990
Days On Market
78
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -4%
Vs. Year Ago
Up 9%
Vs. Year Ago
Down -5%
Vs. Year Ago
Up 22%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in November, with 489 sold this month in Anne Arundel County Real Estate versus 586 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 4% versus November 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 263 units or 9%. The total number of active inventory this November was 3,167 compared to 2,904 in November 2013. This month's total of 3,167 is lower than the previous month's total supply of available inventory of 3,555, a decrease of 11%.

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Median Sale Price
Last November, the median sale price for Anne Arundel County Homes was $320,000. This November, the median sale price was $304,990, a decrease of 5% or $15,010 compared to last year. The current median sold price is 4% higher than in October.

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
653
Current Contracts
577
Sold Vs. List Price
97.4%
Months of Supply
6.5
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 4%
Vs. Year Ago
Up 50%
Vs. Year Ago
No Change
Vs. Year Ago
Up 14%
Vs. Year Ago
Months of Supply
In November, there was 6.5 months of supply available in Anne Arundel County, compared to 5.7 in November 2013. That is an increase of 14% 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 653 homes newly listed for sale in Anne Arundel County compared to 630 in November 2013, an increase of 4%. There were 577 current contracts pending sale this November compared to 385 a year ago. The number of current contracts is 50% higher than last November.

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Sale Price to List Price Ratio
In November, the average sale price in Anne Arundel County was 97.4% 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 78, higher than the average last year, which was 64, an increase of 22%.

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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.