The Long & Foster Market Minute
Focus On: Arnold and Broadneck Housing Market September 2014
Zip Code(s): 21409 and 21012
Units Sold
44
Active Inventory
325
Median Sale Price
$386,995
Days On Market
87
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -6%
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 19%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in September, with 44 sold this month in Arnold and Broadneck Real Estate versus 55 last month, a decrease of 20%. This month's total units sold was lower than at this time last year, a decrease of 6% versus September 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 21 units or 7%. The total number of active inventory this September was 325 compared to 304 in September 2013. This month's total of 325 is higher than the previous month's total supply of available inventory of 320, an increase of 2%.

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Median Sale Price
Last September, the median sale price for Arnold and Broadneck Homes was $360,000. This September, the median sale price was $386,995, an increase of 7% or $26,995 compared to last year. The current median sold price is 8% lower than in August.

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
48
Sold Vs. List Price
96.5%
Months of Supply
7.4
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 21%
Vs. Year Ago
Up 14%
Vs. Year Ago
No Change
Vs. Year Ago
Up 14%
Vs. Year Ago
Months of Supply
In September, there was 7.4 months of supply available in Arnold and Broadneck, compared to 6.5 in September 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 86 homes newly listed for sale in Arnold and Broadneck compared to 71 in September 2013, an increase of 21%. There were 48 current contracts pending sale this September compared to 42 a year ago. The number of current contracts is 14% higher than last September.

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Sale Price to List Price Ratio
In September, the average sale price in Arnold and Broadneck was 96.5% 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 87, higher than the average last year, which was 73, an increase of 19%.

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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.