Here are some market statistics for you for the year to date through the end of June in Anne Arundel County, compared to last year:
- Average Discount Off Original Price: 3.3% (was 4.6%)
- Average Days on the Market: 68 (down 17.07%)
- Number of Homes for Sale: 2,579 (down 9.38%)
- Total Sales: $1,760,540,478 (up 10.35%)
- Average Sold Price: $379,345 (up 5.09%)
- Real Buyers (Home Sold): 4,641 (up 5.02%)
(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2017 – Information deemed reliable, but is not guaranteed.)
It’s a seller’s market. Inventory is low, with just 2.4 months of property on the market. And, as you may have heard, the Fed has been slowly raising interest rates, and we are facing a debt ceiling issue in a few weeks. The uncertainty will motivate many savvy buyers to move more quickly than they might have otherwise.
All of which means, we are looking for more sellers, who would like to take advantage of the situation. Now is the time to get started, in order to complete a move this year. Who do you know who might be interested in making a move?
If you know someone who is curious what their house would fetch in today’s market, and what else might be available, please introduce us. I’m happy to help them find that out!
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.
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Anne Arundel County Local Market Insight June 2017
