We’ve got an inventory shortage, buyers are shopping, and sellers are needed!
As you may remember from my report in the Spring, sales were up, inventory was declining, and we had moved into a balanced market. The market has shifted even further…
Last month, 473 sales closed, more than the previous September by 9.74%. Listings are down 23.48%, to 2,624, as compared to 3,429 a year ago.
Here are more numbers on home sales, for September 2012 vs. September 2011 for Anne Arundel County:
- Average Discount Off Original Price: 7% (was 9%)
- Average Days on the Market: 97 (down 16.38%)
- Number of Homes for Sale: 2,624 (down 23.48%)
- Total Sales: $175,700,501 (up 18.20%)
- Average Sold Price: $371,460 (up 7.7%)
- Real Buyers (Home Sold): 473 (up 9.74%)
(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2012 – Information deemed reliable, but is not guaranteed.)
And specifically in the waterfront market, sales of waterfront houses in Annapolis are up a full 30% year-to-date compared to this time last year.
We have moved from a balanced market into a sellers market, with approximately 4.5 months of inventory. Of course, conditions differ within sub-markets; each price range and neighborhood differs.
Considering a move? Don’t hesitate to call any time, for a confidential chat. Let’s get started.
I love to talk about real estate, and sell everything from waterfront luxury estates through distressed properties.
P.S. Considering a move? Please call for a confidential chat. Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.
Call me today for your Annapolis real estate needs, or for an introduction to a great real estate agent anywhere.