February Market Update

A quick housing trend update for Anne Arundel County for February 2012.

(Note - All figures are compared to February of 2011)

Units Sold - 346, no change from last year
Active Inventory - 2595, down 24%  (3430 units)
Median Sale Price - $257,300, down 10% ($285,100)
Days on Market - 107, down 1%
New Listings - 731, down 1% (740)
Current Contracts - 594, up 38% (431)
Sold vs. List Price - 95.4%, down .6%
Months of Supply - 7.5, down 24%
(Months of supply is calculated by dividing current inventory by current sales. Months of supply indicates how many months would be needed to sell all of the inventory available at current rate of demand.)
If you are interested in a market update for your area, just let me know.

Until next time, keep staying on Top of the Market -

Erik Hart

REALTOR®, BPI Analyst

Severna Park Sales

Long and Foster Realtors

410-544-4000 Office

443-889-6860 Cell

www.erikhart.lnf.com