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 May 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: 187 homes coming soon to the market within the next 21 days, which is down slightly compared to last month.
Active Listings: 613 properties are currently active for sale on the market. This is up slightly over last month. But is a 58% decrease compared to the 1,457 active homes active this time last year.
Under Contract: 1,871 homes are under contract and no longer available to tour or purchase. This is a 9% increase over last month and 33% compared to last year.
Homes Sold: 1,036 homes sold during the month of April. This is a 14% increase compared to the 912 homes sold in the previous month. And a 36% increase over the 763 homes sold 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. Then 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 1,036 sold properties in April 2021 for Anne Arundel County was 20 days. However, the median was only 5 days.
Anne Arundel County, MD Average Home Prices
The average sold price in April was $490,891 and the average list price to sold price ratio was 101.4%. This means homes in Anne Arundel County are selling for 19% more than they were this time last year, when they averaged $411,892.