The Long & Foster Market Minute
Focus On: Arnold and Broadneck Housing Market March 2015
Zip Code(s): 21409 and 21012
Units Sold
32
Active Inventory
256
Median Sale Price
$336,400
Days On Market
103
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -6%
Vs. Year Ago
Down -1%
Vs. Year Ago
No Change
Vs. Year Ago
Up
Vs. Year Ago
Units Sold
There was a decrease in total units sold in March, with 32 sold this month in Arnold and Broadneck Real Estate versus 34 last month, a decrease of 6%. This month's total units sold was lower than at this time last year, a decrease of 6% versus March 2014.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 3 units or 1%. The total number of active inventory this March was 256 compared to 259 in March 2014. This month's total of 256 is higher than the previous month's total supply of available inventory of 225, an increase of 14%.

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Median Sale Price
Last March, the median sale price for Arnold and Broadneck Homes was $337,500. This March, the median sale price was $336,400, which is similar compared to a year ago. The current median sold price is 9% lower than in February.

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
97
Current Contracts
50
Sold Vs. List Price
94.3%
Months of Supply
8.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -2%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -4.6%
Vs. Year Ago
Up 5%
Vs. Year Ago
Months of Supply
In March, there was 8.0 months of supply available in Arnold and Broadneck, compared to 7.6 in March 2014. That is an increase of 5% 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 97 homes newly listed for sale in Arnold and Broadneck compared to 99 in March 2014, a decrease of 2%. There were 50 current contracts pending sale this March compared to 45 a year ago. The number of current contracts is 11% higher than last March.

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Sale Price to List Price Ratio
In March, the average sale price in Arnold and Broadneck was 94.3% of the average list price, which is 4.6% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 103, higher than the average last year, which was 64. This increase was impacted by the limited number of sales.

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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.