MARKET ACTION REPORT January 2011

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 $330,950
Average List Price of all Current Listings $476,625
January Median Sales Price $300,000 $300,000
January Average Sales Price $382,186 $382,186
Total Properties Currently for Sale (Inventory) 3,106
January Number of Properties Sold 287 287
January Average Days on Market (Solds) 109 109
January Month's Supply of Inventory 10.8 10.8
January Sale Price vs List Price Ratio 96.5% 94.8%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2010) / 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
January Property sales were 287, up 24.8% from 230 600

595
in January of 2010 and 22.0% lower than the 368 500

527
526

518
511
506

506
500

496
479
sales last month. January 2011 sales were at their 400 444

444
436
435

433
428
423

418
410

410
408
highest level compared to January of 2010 and 2009.

390
373

371

368
366
361
300

356
349

January YTD sales of 287 are running 24.8% ahead of

311

287
272

263
200

252
last year's year-to-date sales of 230.

230
100 211
0
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 D J
08 09 10 11

Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices 450
Median means Middle (the same # of properties sold above and below the Median)

The Median Sales Price in January was $300,000, up 430

2.4% from $293,000 in January of 2010 and up 5.3% 410
390
from $285,000 last month. The Average Sales Price
370
in January was $382,186, up 2.3% from $373,675 in 350
January of 2010 and up 8.7% from $351,597 last 330
month. January 2011 ASP was at the highest level 310
compared to January of 2010 and 2009. 290
270
250
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 D J
08 09 10 11

Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI 5,000
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
20
The Total Inventory of Properties available for sale as of
4,500 18
January was 3,106, down 4.1% from 3,238 last month and
4,634
4,590
4,520

4,499
4,460

4,438

4,000 16
4,250

down 5.6% from 3,289 in January of last year. January

4,129

4,106
4,062
4,040
4,026

3,992
3,990

3,982
3,972

3,962

3,934
3,924

3,500 14
3,887
3,882

3,830

3,797

3,791
3,764
3,691

3,674

2011 Inventory was at its lowest level compared with

3,654

3,535
3,484

3,486

3,000 12
3,300
3,289
3,285

3,238

January of 2010 and 2009.

3,106

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 January 2011 1,000 4
MSI of 10.8 months was at its lowest level compared with 500 2
January of 2010 and 2009. 0 0
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 D J
08 09 10 11

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 January 2011
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 120 109
106 107
move towards more of a Buyer's market, a downward 110
trend a move towards more of a Seller's market. The 100
DOM for January was 109, up 2.8% from 106 days last 90
month and up 1.9% from 107 days in January of last 80
year. The January 2011 DOM was at a mid level 70
compared with January of 2010 and 2009. 60
50
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 D J
08 09 10 11

250
150
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 100%
The Selling Price vs Original Listing Price reveals the 99%
average amount that Sellers are agreeing to come down 99%
from their original list price. The lower the ratio is 98%
below 100% the more of a Buyer's market exists, a ratio 98%
at or above 100% indicates more of a Seller's market.
97% 96.5%
The January 2011 Selling Price vs Original List Price of
96.5% was down from 96.6% last month and up from 97%
95.8% 95.7%
95.7% in January of last year. 96%
96%
95%
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 D J
08 09 10 11

Inventory / New Listings / Sales

Inventory / New Listings / Sales 5,000 Inventory New Listings Sales
4,500
This last view of the market combines monthly
4,634
4,590
4,520

4,499
4,460

4,438

4,000
4,250

inventory of Properties for sale along with New Listings

4,129

4,106
4,062
4,040
4,026

3,992
3,990

3,982
3,972

3,962

3,934
3,924

3,500
3,887
3,882

3,830

3,797

3,791
3,764

and Sales. The graph shows the basic annual

3,691

3,674
3,654

3,535
3,484

3,486
3,000
3,300
3,289
3,285

3,238
seasonality of the market as well as the relationship

3,106
2,500
between these items. The number of New Listings in
2,000
January 2011 was 680, up 36.5% from 498 last month
1,500
and down 8.0% from 739 in January of last year.
1,000
500
0
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 D J
08 09 10 11
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.