The Long & Foster Market Minute
Focus On: Arnold and Broadneck Housing Market November 2014
Zip Code(s): 21409 and 21012
Units Sold
41
Active Inventory
274
Median Sale Price
$385,000
Days On Market
74
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -11%
Vs. Year Ago
Up 13%
Vs. Year Ago
Up 13%
Vs. Year Ago
Up 16%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in November, with 41 sold this month in Arnold and Broadneck Real Estate versus 46 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 11% versus November 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 32 units or 13%. The total number of active inventory this November was 274 compared to 242 in November 2013. This month's total of 274 is lower than the previous month's total supply of available inventory of 322, a decrease of 15%.

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Median Sale Price
Last November, the median sale price for Arnold and Broadneck Homes was $341,000. This November, the median sale price was $385,000, an increase of 13% or $44,000 compared to last year. The current median sold price is 13% higher than in October.

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
39
Current Contracts
43
Sold Vs. List Price
96.9%
Months of Supply
6.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -11%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 1.6%
Vs. Year Ago
Up 27%
Vs. Year Ago
Months of Supply
In November, there was 6.7 months of supply available in Arnold and Broadneck, compared to 5.3 in November 2013. That is an increase of 27% 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 39 homes newly listed for sale in Arnold and Broadneck compared to 44 in November 2013, a decrease of 11%. There were 43 current contracts pending sale this November compared to 39 a year ago. The number of current contracts is 10% higher than last November.

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Sale Price to List Price Ratio
In November, the average sale price in Arnold and Broadneck was 96.9% of the average list price, which is 1.6% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 74, higher than the average last year, which was 64, an increase of 16%.

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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.