Anne Arundel County Maryland Real Estate Market Statistics

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Average (Mean) Sales Price of Existing Homes by Region

Date	U.S.	Northeast	Midwest	South	West
2006	268,200	299,700	205,300	230,000	371,300
2007	266,000	307,100	200,500	225,600	365,900

01/08	245,500	298,400	178,800	206,500	335,600
02/08	242,000	292,700	175,100	204,600	333,100
03/08	247,100	310,800	183,200	209,600	325,200
04/08	247,200	294,400	188,500	212,900	327,000
05/08	253,100	309,300	192,900	219,000	327,200

Statistics from the National Association of REALTORS®

Freddie Mac reported the national average 30-year, conventional, fixed-rate mortgage rose to 6.04 percent in May, up from 5.92 percent in April. Despite the recent increase, overall mortgage rates are down from 6.27 percent, available May 2007.

Existing home inventory is reported at 4.49 million units. According to Lawrence Yun, chief NAR economist, “The large supply of homes on the market clearly favors buyers, and it should take several months to draw the inventory down. Stabilization in home prices can only occur with buyers returning to the market, so we are encouraged by rising home sales, particularly in distressed markets.”

A number of areas nationally are experiencing increased activity over May 2007, including Sacramento, the San Fernando Valley and Monterey County in California; Sarasota, Florida, and Battle Creek, Michigan.

Anne Arundel County figures for June 2008 are shown below.

	2008	2007	% Change
Total Sold Dollar Volume:	$ 203,991,516	$ 299,060,159	– 31.79 %
Average Sold Price:	$ 427,655	$ 442,397	– 3.33 %
Median Sold Price:	$ 339,000	$ 359,900	– 5.81 %
Total Units Sold:	477	676	– 29.44 %
Average Days on Market:	125	97	28.87 %
Average List Price for Solds:	$ 472,746	$ 468,347	0.94 %
Avg Sale Price as a percentage of Avg List Price:	90.46 %	94.46 %

Total Number of NEW listings
taken for the month:	993
Total Number of Properties
marked Contract for the month:	310
Total Number of Properties
marked Contingent for the month:	142
Total Number of NEW pendings
(CONTRACTS + CONTINGENTS):	452

Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2008 – Information deemed reliable, but is not guaranteed.

P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland

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Anne Arundel County Maryland Real Estate Market Statistics – July 2008

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