MARKET ACTION REPORT November 2010

County: Anne Arundel

Price Range: All | Properties: Single Family - Condo - TwnHm
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $340,000
Average List Price of all Current Listings $494,038
November Median Sales Price $291,500 $299,900
November Average Sales Price $334,593 $356,727
Total Properties Currently for Sale (Inventory) 3,338
November Number of Properties Sold 309 4,452
November Average Days on Market (Solds) 104 97
November Month's Supply of Inventory 10.8 9.7
November Sale Price vs List Price Ratio 96.0% 95.6%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold 3 Mo Avg

700
Property Sales
November Property sales were 309, down 37.7% from 600

595
496 in November of 2009 and 12.0% lower than the 500

527
526

517
511
506

506
500

496
479
351 sales last month. November 2010 sales were at a
444

443
400
436
435

433
428
423

418
410

409
408
404

390
mid level compared to November of 2009 and 2008.

373

371
356

351
349

300

311

309
November YTD sales of 4,452 are running 4.5%
277

272

262
252
200

229
behind last year's year-to-date sales of 4,663.

211
100
0
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Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 450
The Median Sales Price in November was $291,500, 430
up 4.1% from $280,000 in November of 2009 and 410
down 3.8% from $303,000 last month. The Average 390
370
Sales Price in November was $334,593, up 1.3% from 350
$330,175 in November of 2009 and down 8.4% from 330
$365,449 last month. November 2010 ASP was at a 310
mid range compared to November of 2009 and 2008. 290
270
250
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
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Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
5,000 20
The Total Inventory of Properties available for sale as of
4,500 18
4,634
4,590

November was 3,338, down 9.8% from 3,699 last month

4,520

4,499
4,460

4,438

4,000 16
4,250
4,129

4,092

and down 4.2% from 3,485 in November of last year.

4,045
4,041
4,027

3,991
3,972

3,963

3,961
3,929
3,924

3,925
3,920

3,888
3,883
3,880

3,831

3,790
3,765

3,500 14
3,699
3,691

3,675
3,655

November 2010 Inventory was at its lowest level

3,532
3,485

3,338
3,300
3,288
3,283

compared with November of 2009 and 2008. 3,000 12

2,500 10
2,000 8
A comparatively lower MSI is more beneficial for sellers 1,500 6
while a higher MSI is better for buyers. The November 1,000 4
2010 MSI of 10.8 months was at a mid level compared 500 2
with November of 2009 and 2008. 0 0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association of Realtors MLS and Sussex County of Realtors MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
MARKET ACTION REPORT November 2010
County: Anne Arundel
Price Range: All | Properties: Single Family - Condo - TwnHm

Days On Market for Sold Properties

Market Time 150
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many 140
days the average Property is on the market before it 130
sells. An upward trend in DOM tends to indicate a move 120 108
towards more of a Buyer's market, a downward trend a 104
110
move towards more of a Seller's market. The DOM for 94
100
November was 104, up 7.2% from 97 days last month 90
and up 10.6% from 94 days in November of last year. 80
The November 2010 DOM was at a mid level compared 70
with November of 2009 and 2008. 60
50
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Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
100%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the 99%
average amount that Sellers are agreeing to come down
from their original list price. The lower the ratio is 98%
below 100% the more of a Buyer's market exists, a ratio
at or above 100% indicates more of a Seller's market. 96.8%
97%
The November 2010 Selling Price vs Original List Price 96.2%
of 96.0% was equal to 96.0% last month and down from 96.0%
96.8% in November of last year. 96%

95%
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N
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Inventory / New Listings / Sales

Inventory / New Listings / Sales 5,000 Inventory New Listings Sales
4,500
4,634

This last view of the market combines monthly

4,590
4,520

4,499
4,460

4,438

4,000
4,250
4,129

inventory of Properties for sale along with New Listings

4,092
4,045
4,041
4,027

3,991
3,972

3,963

3,961
3,924

3,925

3,929
3,920

3,888
3,883
3,880

3,831

3,790
3,500
3,765

3,699
3,691

3,675
3,655

and Sales. The graph shows the basic annual

3,532
3,485

3,338
3,300
3,288

3,000
3,283
seasonality of the market as well as the relationship
2,500
between these items. The number of New Listings in
2,000
November 2010 was 558, down 21.0% from 706 last
1,500
month and down 0.5% from 561 in November of last
1,000
year.
500
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association of Realtors MLS and Sussex County of Realtors MLS and may not reflect all relevant real estate activity. Coldwell Banker
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.