The Long & Foster Market Minute
Focus On: Arnold and Broadneck Housing Market July 2014
Zip Code(s): 21409 and 21012
Units Sold
53
Active Inventory
327
Median Sale Price
$348,900
Days On Market
40
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -9%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -9%
Vs. Year Ago
Down -31%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in July, with 53 sold this month in Arnold and Broadneck Real Estate versus 77 last month, a decrease of 31%. This month's total units sold was lower than at this time last year, a decrease of 9% versus July 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 July was 327 compared to 290 in July 2013. This month's total of 327 is lower than the previous month's total supply of available inventory of 330, a decrease of 1%.

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Median Sale Price
Last July, the median sale price for Arnold and Broadneck Homes was $385,000. This July, the median sale price was $348,900, a decrease of 9% or $36,100 compared to last year. The current median sold price is 4% lower 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
106
Current Contracts
65
Sold Vs. List Price
97.4%
Months of Supply
6.2
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 23%
Vs. Year Ago
Up 25%
Vs. Year Ago
Up 0.9%
Vs. Year Ago
Up 23%
Vs. Year Ago
Months of Supply
In July, there was 6.2 months of supply available in Arnold and Broadneck, compared to 5.0 in July 2013. That is an increase 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 106 homes newly listed for sale in Arnold and Broadneck compared to 86 in July 2013, an increase of 23%. There were 65 current contracts pending sale this July compared to 52 a year ago. The number of current contracts is 25% higher than last July.

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Sale Price to List Price Ratio
In July, the average sale price in Arnold and Broadneck was 97.4% of the average list price, which is 0.9% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 40, lower than the average last year, which was 58, a decrease of 31%.

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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.