Carlyn Lowery, Associate Broker, Lowery Home Team at eXp Realty, Annapolis and Anne Arundel County MD Real Estate

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Annapolis Real Estate Market Statistics November 2009

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The National Association of REALTORS (NAR) reported a 10 percent increase in existing home sales, while inventory fell 3.7 percent. Existing homes sales are on pace to reach 6.1 million units by year’s end, are up over 23 percent from the same time a year ago.

Existing Home Sales By Region

Much of the recent activity was sparked by first time buyers looking to take advantage of an $8,000 tax credit, which was initially due to expire at the end of November. NAR expects market demand to remain strong as the tax credit program has been extended and expanded through April 30.

Current inventory levels in all price ranges have dropped to 3.57 million units nationally, creating a 7-month supply. “Low-end inventory has become very tight in many areas and in some cases buyers are becoming more aggressive,” explained NAR president Vicki Cox Golder. Multiple offers are not uncommon in the lower price ranges, and foreclosed properties are selling more quickly.

Anne Arundel County figures for November 2009 are shown below.

2009 2008 % Change
Total Sold Dollar Volume: $ 154,774,910 $ 100,101,191 54.62 %
Average Sold Price: $ 334,287 $ 376,320 – 11.17 %
Median Sold Price: $ 285,000 $ 314,500 – 9.38 %
Total Units Sold: 463 266 74.06 %
Average Days on Market: 122 149 – 18.12 %
Average List Price for Solds: $ 370,766 $ 434,822 – 14.73 %
Avg Sale Price as a percentage of Avg List Price: 90.16 % 86.55 %

Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2009 – Information deemed reliable, but is not guaranteed.

If you would like specific information on what is happening with home sales in your neighborhood, I’ll be happy to help.   Call for a free, no-obligation consultation.  Get the information you need to help you enjoy the home of your dreams.

P.S.  Call me today for all your Annapolis real estate needs.

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Here are some client reviews of Carlyn Lowery…

“Carlyn got us a quick sale above the asking price. She qualified prospects well, used a professional photographer for advertising photos, and provided expert advice during negotiations. Carlyn is what other Realtors aspire to be!”
– Paul Donnelly

“As first time home buyers, Carlyn Lowery was very attentive to our basic needs of walking us through each step of the home buying process from a novice standpoint. The long detailed list of items due at specific times from the start of the contract all the way through to the week of closing was greatly appreciated. It was great having an agent who took the time to clearly lay this all out for us. End result – a very smooth time at settlement. No surprises!”
– Ann Hannam

“We wanted a professional who would work with us to sell our home
quickly for a good price and protect our interests as sellers through the process.
Carlyn’s business acumen is her (and will be your) greatest asset.”
– Sue Bogard

“Carlyn was wonderful. She was organized, prepared, and knew the steps to take to sell our home quickly and used a wide array of marketing to get the job done. She gave great advice
during each of the phases, and in particular on the negotiation.”
– Michael Morgan

 

Questions? Call Carlyn Lowery today.

443-569-3977 – Direct
888-860-7369 x146 – Main Office
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