July 2023 Maryland Housing Market Update for Anne Arundel County

This is your monthly real estate market update for Anne Arundel County Maryland with James Bowerman, your Pasadena MD Realtor and the Real Creative Group of Compass.
Anne Arundel County, MD Housing Inventory
Let’s take a quick dive into a few of the hey metrics for Anne Arundel Counties housing market.
Coming Soon: There are 91 homes coming soon to the market, which is 38 less than last month. Properties cannot be in the Coming Soon status for more than 21 days.
Active Listings: There are 603 properties currently active for sale. This is 47 more homes compared to last month, but a 34% decrease compared to this time last year.
Under Contract: There are 983 homes under contract and no longer available to tour or purchase. This is 84 fewer properties compared to last month, and a 22% decrease compared to this time last year.
Homes Sold: There were 753 homes sold during the month of June. This is 67 more home sales compared to the previous month, but a 21% decrease compared to June 2022.
Anne Arundel County, MD Average Time on Market
The average days on market decreased to 14 days, which means homes sold 1 days faster on average compared to the previous month. In the last 30 days there have been 195 price reductions, which is fewer than the previous 30 days and about 32% of the active inventory.
Anne Arundel County, MD Average Home Prices
The average home sale price in Anne Arundel County in June 2023 was $613,500, which is an 8% increase compared to home prices this time last year.
Real Creative Group of Compass
James Bowerman - 664056
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Office: 410-429-7425
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