The Long & Foster Market Minute
Focus On: Arnold and Broadneck Housing Market June 2014
Zip Code(s): 21409 and 21012
Units Sold
77
Active Inventory
318
Median Sale Price
$365,000
Days On Market
54
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -14%
Vs. Year Ago
Down -21%
Vs. Year Ago
Units Sold
There was an increase in total units sold in June, with 77 sold this month in Arnold and Broadneck Real Estate. This month's total units sold was higher than at this time last year.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 39 units or 14%. The total number of active inventory this June was 318 compared to 279 in June 2013. This month's total of 318 is higher than the previous month's total supply of available inventory of 296, an increase of 7%.

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Median Sale Price
Last June, the median sale price for Arnold and Broadneck Homes was $422,000. This June, the median sale price was $365,000, a decrease of 14% or $57,000 compared to last year. The current median sold price is 7% higher than in May.

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
99
Current Contracts
53
Sold Vs. List Price
97.3%
Months of Supply
4.1
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 5%
Vs. Year Ago
Up 20%
Vs. Year Ago
No Change
Vs. Year Ago
Up 8%
Vs. Year Ago
Months of Supply
In June, there was 4.1 months of supply available in Arnold and Broadneck, compared to 3.8 in June 2013. That is an increase of 8% 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 99 homes newly listed for sale in Arnold and Broadneck compared to 94 in June 2013, an increase of 5%. There were 53 current contracts pending sale this June compared to 44 a year ago. The number of current contracts is 20% higher than last June.

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Sale Price to List Price Ratio
In June, the average sale price in Arnold and Broadneck was 97.3% 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 54, lower than the average last year, which was 68, a decrease of 21%.

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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.