The Long & Foster Market Minute
Focus On: Arnold and Broadneck Housing Market April 2015
Zip Code(s): 21409 and 21012
Units Sold
44
Active Inventory
282
Median Sale Price
$291,000
Days On Market
60
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 2%
Vs. Year Ago
Down -4%
Vs. Year Ago
Down -10%
Vs. Year Ago
Down -32%
Vs. Year Ago
Units Sold
There was an increase in total units sold in April, with 44 sold this month in Arnold and Broadneck Real Estate versus 42 last month, an increase of 5%. This month's total units sold was higher than at this time last year, an increase of 2% versus April 2014.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 12 units or 4%. The total number of active inventory this April was 282 compared to 294 in April 2014. This month's total of 282 is higher than the previous month's total supply of available inventory of 264, an increase of 7%.

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Median Sale Price
Last April, the median sale price for Arnold and Broadneck Homes was $325,000. This April, the median sale price was $291,000, a decrease of 10% or $34,000 compared to last year. The current median sold price is 15% lower than in March.

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
123
Current Contracts
80
Sold Vs. List Price
94.6%
Months of Supply
6.4
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 2%
Vs. Year Ago
Up 40%
Vs. Year Ago
Down -2.3%
Vs. Year Ago
Down -6%
Vs. Year Ago
Months of Supply
In April, there was 6.4 months of supply available in Arnold and Broadneck, compared to 6.8 in April 2014. That is a decrease 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 123 homes newly listed for sale in Arnold and Broadneck compared to 121 in April 2014, an increase of 2%. There were 80 current contracts pending sale this April compared to 57 a year ago. The number of current contracts is 40% higher than last April.

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Sale Price to List Price Ratio
In April, the average sale price in Arnold and Broadneck was 94.6% of the average list price, which is 2.3% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 60, lower than the average last year, which was 88, a decrease of 32%.

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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.