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Maryland Real Estate Market Update for Anne Arundel County May 2020

This is your monthly real estate market update for Anne Arundel County Maryland with James Bowerman and the Real Creative Group of Douglas Realty.

Anne Arundel County, MD Housing Inventory

Let’s take a quick dive into a few of the metrics for Anne Arundel Counties housing inventory: 106 homes coming soon to the market within the next 21 days. 1457 active homes for sale on the market. 1404 homes under contract and no longer available to tour and purchase. 721 homes sold during the month of April. This means we currently have 2 months of inventory, making it a sellers market.

Anne Arundel County, MD Average Market Time

The average days on market for the 721 sold properties last month for Anne Arundel County was 36 days. This means homes are selling faster on average than they were in March at (44 days), and faster than they were in April last year at 49 days on market.

Anne Arundel County, MD Average Real Estate Listing Prices

The average sold price in April was $407,978 and average list price to sold price ratio was 99.6%. The median sales price was $367,500 which ranged from $55,500 all the way up to $1,800,000. This means homes in Anne Arundel County are selling for more than they were on average this time last year when they averaged $403,842.

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