The Long & Foster Market Minute
Focus On: Arnold and Broadneck Housing Market October 2014
Zip Code(s): 21409 and 21012
Units Sold
46
Active Inventory
314
Median Sale Price
$341,950
Days On Market
91
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 7%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -6%
Vs. Year Ago
Up 34%
Vs. Year Ago
Units Sold
There was an increase in total units sold in October, with 46 sold this month in Arnold and Broadneck Real Estate versus 45 last month, an increase of 2%. This month's total units sold was higher than at this time last year, an increase of 7% versus October 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 37 units or 13%. The total number of active inventory this October was 314 compared to 277 in October 2013. This month's total of 314 is lower than the previous month's total supply of available inventory of 333, a decrease of 6%.

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Median Sale Price
Last October, the median sale price for Arnold and Broadneck Homes was $364,950. This October, the median sale price was $341,950, a decrease of 6% or $23,000 compared to last year. The current median sold price is 11% lower than in September.

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
86
Current Contracts
64
Sold Vs. List Price
95.7%
Months of Supply
6.8
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 51%
Vs. Year Ago
Up 60%
Vs. Year Ago
Down -2.1%
Vs. Year Ago
Up 6%
Vs. Year Ago
Months of Supply
In October, there was 6.8 months of supply available in Arnold and Broadneck, compared to 6.4 in October 2013. That is an increase of 6% 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 86 homes newly listed for sale in Arnold and Broadneck compared to 57 in October 2013, an increase of 51%. There were 64 current contracts pending sale this October compared to 40 a year ago. The number of current contracts is 60% higher than last October.

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Sale Price to List Price Ratio
In October, the average sale price in Arnold and Broadneck was 95.7% of the average list price, which is 2.0% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 91, higher than the average last year, which was 68, an increase of 34%.

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Arnold and Broadneck are defined as properties listed in zip code/s 21409 and 21012.
*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.