The Long & Foster Market Minute
Focus On: Arnold and Broadneck Housing Market December 2015
Zip Code(s): 21409 and 21012
Units Sold
51
Active Inventory
231
Median Sale Price
$370,000
Days On Market
94
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -11%
Vs. Year Ago
Down -5%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up 1%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in December, with 51 sold this month in Arnold and Broadneck Real Estate versus 52 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 11% versus December 2014.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 12 units or 5%. The total number of active inventory this December was 231 compared to 243 in December 2014. This month's total of 231 is lower than the previous month's total supply of available inventory of 260, a decrease of 11%.

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Median Sale Price
Last December, the median sale price for Arnold and Broadneck Homes was $382,132. This December, the median sale price was $370,000, a decrease of 3% or $12,132 compared to last year. The current median sold price is 3% higher than in November.

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
49
Current Contracts
45
Sold Vs. List Price
95.5%
Months of Supply
4.5
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 17%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -1.5%
Vs. Year Ago
Up 6%
Vs. Year Ago
Months of Supply
In December, there was 4.5 months of supply available in Arnold and Broadneck, compared to 4.3 in December 2014. 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 49 homes newly listed for sale in Arnold and Broadneck compared to 42 in December 2014, an increase of 17%. There were 45 current contracts pending sale this December compared to 43 a year ago. The number of current contracts remained stable as compared to last December.

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Sale Price to List Price Ratio
In December, the average sale price in Arnold and Broadneck was 95.5% of the average list price, which is 1.5% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 94, higher than the average last year, which was 93, an increase of 1%.

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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.