The Long & Foster Market Minute
Focus On: Arnold and Broadneck Housing Market January 2015
Zip Code(s): 21409 and 21012
Units Sold
38
Active Inventory
227
Median Sale Price
$375,250
Days On Market
91
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up
Vs. Year Ago
No Change
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 32%
Vs. Year Ago
Units Sold
With relatively few transactions, there was a decrease in total units sold in January, with 38 sold this month in Arnold and Broadneck Real Estate. This month's total units sold was higher than at this time last year, an increase from January 2014.

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Active Inventory
The total number of homes available this month is 227 units, which is similar compared to a year ago. This month's total of 227 is lower than the previous month's total supply of available inventory of 239, a decrease of 5%.

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Median Sale Price
Last January, the median sale price for Arnold and Broadneck Homes was $340,000. This January, the median sale price was $375,250, an increase of 10% or $35,250 compared to last year. The current median sold price is 4% higher than in December.

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
68
Current Contracts
47
Sold Vs. List Price
93.1%
Months of Supply
6.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 8%
Vs. Year Ago
Up 27%
Vs. Year Ago
Down
Vs. Year Ago
Down -58%
Vs. Year Ago
Months of Supply
In January, there was 6.0 months of supply available in Arnold and Broadneck, compared to 14.3 in January 2014. That is a decrease of 58% 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 68 homes newly listed for sale in Arnold and Broadneck compared to 63 in January 2014, an increase of 8%. There were 47 current contracts pending sale this January compared to 37 a year ago. The number of current contracts is 27% higher than last January.

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Sale Price to List Price Ratio
In January, the average sale price in Arnold and Broadneck was 93.1% of the average list price, which is 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 69, an increase 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.