Baltimore Metropolitan Area Market Conditions Report

1. The Long & Foster ® Market Conditions Report
Baltimore Metropolitan Area - September 2013
Median Sales Price
$300,000
Current Month
$200,000
$229,000
$130,000
$299,550
$115,000
$300,000
$100,000
$289,950
$400,000
$215,000
$210,000
$500,000
$150,000
$370,000
$600,000
$226,500
One Year Ago
$375,000
$248,500
$250,501
$265,000
$260,000
$250,000
$240,000
$229,200
$215,000
$213,000
$235,000
$230,000
$230,000
$236,000
$240,000
$250,000
$240,000
$237,926
$217,900
$210,000
$210,000
$219,900
$225,000
$219,000
$200,000
$227,500
$250,000
$250,000
Median Sale Price
Of Top Five Counties/Cities Based on Total Units Sold
$100,000
$50,000
$0
Baltimore Anne Arundel Baltimore
County
County
City
$0
Howard
County
Harford
County
Median Sale Price
Percent Change Year/Year
-2%
-2%
5%
4%
6%
4%
1%
2%
4%
5%
7%
2%
5%
0%
0%
1%
0%
2%
-6%
11%
2%
4%
4%
6%
-4%
9%
6%
8%
10%
9%
10%
-2%
● The current median sale price was 5%
higher than the same month last year.
12%
-8%
-10%
-12%
-9%
● This September, the current median
sale price of $248,500 was similar to
the median sale price of last month.
14%
-3%
Highlights
-14%
14

2. The Long & Foster ® Market Conditions Report
Baltimore Metropolitan Area - September 2013
Total Units Sold
1,000
500
238
203
283
400
275
473
444
490
2,088
Current Month
588
One Year Ago
709
800
579
2,441
2,493
2,967
2,926
Total Units Sold
Of Top Five Counties/Cities Based on Total Units
Sold
1,565
1,642
2,066
2,237
2,071
2,551
2,465
2,195
2,134
2,028
1,561
1,426
1,856
1,769
1,712
0
Baltimore Anne Arundel Baltimore
County
County
City
0
Howard
County
Harford
County
Total Units Sold
26%
16%
3%
16%
14%
15%
9%
11%
0%
0%
1%
-1%
0%
7%
7%
12%
7%
4%
6%
10%
● There was a decrease of 16% in total
units sold in September compared to
August.
20%
21%
17%
20%
6%
● This month's total units sold was
higher than at this time last year, an
increase of 14% versus September 2012.
30%
-3%
Highlights
28%
Percent Change Year/Year
14%
1,500
2,005
2,000
2,516
2,500
2,718
3,000
3,156
3,266
3,500
-10%
15

3. The Long & Foster ® Market Conditions Report
Baltimore Metropolitan Area - September 2013
Total Units Sold by Type
Detached
Attached
Total Units Sold by Type
Current Month
Condo
3,500
Detached
Attached
Condo
3,000
177
7%
2,500
2,000
1,500
953
38%
1,000
1,363
55%
500
0
Total Units Sold by Price Range
Total Units Sold by Price Range
< 150K
1,400
150K to < 300K
300K to < 450K
450K to < 600K
Current Month
600K and up
< 150K
450K to < 600K
1,200
220
9%
1,000
150K to < 300K
600K and up
150
6%
300K to < 450K
539
22%
800
600
553
22%
400
200
1,031
41%
0
16

4. The Long & Foster ® Market Conditions Report
Baltimore Metropolitan Area - September 2013
Total Active Inventory
20,000
Total Active Inventory
Current Month
1,414
1,281
1,160
2,000
8,000
1,055
3,418
3,222
2,843
3,000
2,763
4,000
3,227
5,000
3,012
13,066
12,832
6,000
13,315
13,462
13,339
12,796
11,784
11,338
11,150
11,319
10,000
12,340
13,181
13,543
13,704
14,239
14,703
14,863
14,832
14,207
13,727
13,815
One Year Ago
14,414
12,000
16,029
14,000
Of Top Five Counties/Cities Based on Total Units Sold
17,320
16,000
17,942
18,000
1,000
6,000
0
Baltimore
County
4,000
Anne
Arundel
County
2,000
Baltimore
City
Howard
County
Harford
County
0
Total Active Inventory
Percent Change Year/Year
-5%
-5%
-6%
-8%
-10%
-14%
-17%
-17%
-19%
-21%
-23%
-24%
-25%
-24%
-23%
-21%
-22%
-25%
-30%
-22%
-25%
-23%
-20%
-23%
-15%
-15%
-10%
-23%
● Versus last September, the total
number of homes available was lower
by 711 units or 5%.
-5%
-18%
● September's total active inventory of
12,832 units was 2% lower than the
previous month's supply of inventory.
0%
-14%
Highlights
-35%
17

5. The Long & Foster ® Market Conditions Report
Baltimore Metropolitan Area - September 2013
Total Active Inventory by Type
Detached
Attached
Total Active Inventory by
Type
Condo
Current Month
20,000
Detached
Attached
Condo
18,000
16,000
833
7%
14,000
12,000
10,000
4,246
33%
8,000
7,753
60%
6,000
4,000
2,000
0
Total Active Inventory by Price Range
< 150K
20,000
18,000
150K to < 300K
300K to < 450K
450K to < 600K
600K and up
Total Active Inventory by
Price Range
Current Month
< 150K
450K to < 600K
150K to < 300K
600K and up
300K to < 450K
16,000
1,786
14%
14,000
12,000
10,000
8,000
6,000
4,000
2,000
1,434
11%
2,368
18%
3,176
25%
4,068
32%
0
18

6. The Long & Foster ® Market Conditions Report
Baltimore Metropolitan Area - September 2013
Sale Price as % of List Price
Average Sale Price as a Percent of List Price
Of Top Five Counties/Cities Based on Total Units
Sold
Baltimore
County
Days on Market
Current One Year
Month
Ago
94.0%
93.5%
58
Anne
Arundel
County
97
95
100%
98
77
97.6%
97.0%
98.0%
97.1%
97.3%
96.2%
Up 1.1% Vs. Year Ago
< 150K
150K to < 300K
300K to < 450K
450K to < 600K
600K and up
98%
94 94
96%
87
85
85
Harford
County
by Price Range
105
100 100 99
Howard
County
Average Sale Price as a Percent of List Price
Days on Market
105
Baltimore
City
Avg Sale Price as % of List Price
Current
One Year
Month
Ago
Down -25% Vs. Year
Ago
115
Current Month
97.1%
97.2%
96.3%
97.0%
100.0%
99.0%
98.0%
97.0%
96.0%
95.0%
94.0%
93.0%
95.5%
97.5%
97.8%
97.6%
97.3%
96.8%
96.9%
96.5%
96.7%
96.8%
96.8%
96.2%
96.7%
One Year Ago
95.5%
95.8%
95.1%
94.5%
95.5%
95.3%
95.6%
95.0%
95.6%
95.5%
95.6%
96.0%
96.4%
96.4%
96.5%
96.8%
97.0%
97.1%
97.5%
97.6%
98.0%
96.3%
98.5%
78 77 78 77 78 79
81 81
82
94%
75
92%
75
90%
65
55
60
58 57 58 58
88%
86%
19

7. The Long & Foster ® Market Conditions Report
Baltimore Metropolitan Area - September 2013
Highlights
Total Dollar Volume Sold
In Thousands
$1,200,000
● Total volume sold this September was
15% greater than the same month one
year ago.
$719,257
$868,644
$983,028
$986,686
$871,868
$692,507
$556,709
$391,588
$409,096
$579,587
$610,219
$554,957
$624,351
$724,948
$729,549
$702,631
$512,851
$380,189
$494,423
$464,704
$365,176
$200,000
$437,511
$400,000
$547,438
$600,000
$610,833
$800,000
$822,470
$1,000,000
● In September, there was 5.2 months of
supply available, compared to 6.2 in
September 2012. That was a decrease
of 17% versus a year ago.
$0
Months of Supply
Total Dollar Volume Sold
Current
One Year
Month
Ago
Current Month's Active Inventory/Current Month's Unit Sales
12
$719,256,938
9.7
2
4.4
4.2
4.1
5.2
5.2
5.6
6.8
5.5
5.5
6.4
6.2
5.4
5.8
7.2
4.6
4
5.4
5.9
7.0
7.0
7.8
6
$624,350,703
Up 15% Vs. Year Ago
8.8
9.1
9.0
8
10.1
10
Months of Supply
Current
One Year
Month
Ago
5.2
6.2
Down -17% Vs. Year Ago
0
20

8. The Long & Foster ® Market Conditions Report
Baltimore Metropolitan Area - September 2013
New Listings
New Listings & New Contracts
3,335
Up 21% Vs. Year Ago
New Contracts
Current One Year
Month
Ago
2,651
2,041
354
326
440
346
786
991
Harford
County
Anne
Arundel
County
Baltimore
City
Howard
County
244
169
285
227
591
Current Month
433
603
478
One Year Ago
720
1,200
1,000
800
600
400
200
0
542
2,651
2,787
2,894
2,937
3,200
Howard
County
Harford
County
Supply/Demand Ratio
Highlights
● Based on this month's amount of new
listings and new contracts, the ratio of
home supply (new listings) to current
home demand (new contracts) was 1.5,
a decrease of 7% from September 2012.
Baltimore
City
New Contracts
2,123
2,835
Anne
Arundel
County
Baltimore
County
4,046
Current Month
Of Top Five Counties/Cities Based on Total Units Sold
0
New Listings
Current One Year
Month
Ago
899
733
1,038
870
Baltimore
County
4,046
4,202
4,348
4,423
4,960
4,292
1,200
1,000
800
600
400
200
0
One Year Ago
3,291
3,137
1,980
1,536
1,864
2,202
1,905
2,627
3,290
3,335
2,041
3,610
2,376
3,594
2,417
3,892
2,456
4,129
2,614
2,550
3,361
2,090
1,776
1,889
1,434
1,754
1,895
1,723
2,000
2,652
2,562
3,000
1,000
2,950
3,355
3,351
5,000
4,323
4,425
5,123
6,000
4,000
Of Top Five Counties/Cities Based on Total Units Sold
New Contracts (Under Active Contract Status)
3,261
New Listings
Number of New Listings to New Contracts
2.5
2.0
1.5
1.9
1.8
1.5
1.7 1.6 1.7 1.7
1.6 1.6
1.3
1.5 1.5
1.6
1.5
1.6
1.6 1.6
1.5 1.5 1.5 1.5 1.5
1.5
1.4
1.2
1.0
0.5
Up 30% Vs. Year Ago
0.0
21