This is your monthly real estate market update for Anne Arundel County, Maryland, with James Bowerman and the Real Creative Group of Douglas Realty for April 2021.
Anne Arundel County, MD Housing Inventory
Let’s take a quick dive into a few of the metrics for Anne Arundel Counties housing inventory.
Coming Soon: 201 homes coming soon to the market within the next 21 days.
Active Listings: 591 properties are currently active for sale on the market. This is a 58% decrease compared to the 1,420 active homes in March of 2020.
Under Contract: 1,714 homes are under contract and no longer available to tour or purchase.
Homes Sold: 912 homes sold during the month of March. This is a 35% increase compared to the 677 homes sold in February of 2021, but about the same as this time last year.
Months of Inventory: We currently have less than one month of inventory, meaning if no new listings came on the market. It would take less than a month for the remaining properties to sell.
Anne Arundel County, MD Average Time on Market
The average days on market for the 912 sold properties in March 2021 for Anne Arundel County was 20 days. However, the median was only 6 days.
Anne Arundel County, MD Average Home Prices
The average sold price in March was $486,049 and the average list price to sold price ratio was 100.8%. This means homes in Anne Arundel County are selling for 12% more than they were this time last year when they averaged $433,186.