The Long & Foster Market Minute

Focus On: Annapolis Housing Market June 2021

Zip Code(s): 21401, 21403, 21402 and 21405
Units Sold
165
Active Inventory
139
Median Sale Price
$519,000
Days On Market
16
Up 25%
Vs. Year Ago
Down -55%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -56%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 165 sold this month in Annapolis Real Estate versus 146 last month, an increase of 13%. This month's total units sold was higher than at this time last year, an increase of 25% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 169 units or 55%. The total number of active inventory this June was 139 compared to 308 in June 2020. This month's total of 139 is lower than the previous month's total supply of available inventory of 144, a decrease of 3%.

Median Sale Price
Last June, the median sale price for Annapolis Homes was $461,000. This June, the median sale price was $519,000, an increase of 13% or $58,000 compared to last year. The current median sold price is 2% lower than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
200
Current Contracts
184
Sold Vs. List Price
100.2%
Months of Supply
0.8
Up 9%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 2.4%
Vs. Year Ago
Down -64%
Vs. Year Ago

Months of Supply
In June, there was 0.8 months of supply available in Annapolis, compared to 2.3 in June 2020. That is a decrease of 64% 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.

New Listings & Current Contracts
This month there were 200 homes newly listed for sale in Annapolis compared to 183 in June 2020, an increase of 9%. There were 184 current contracts pending sale this June compared to 175 a year ago. The number of current contracts is 5% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Annapolis was 100.2% of the average list price, which is 2.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 16, lower than the average last year, which was 36, a decrease of 56%.

The Long & Foster Market Minute Annapolis are defined as properties listed in zip code/s 21401, 21403, 21402 and 21405.
*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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.