Wishing you and yours a wonderful Summer!
Now that we are more than half way through the year, here are some updated market statistics.
Let me know if you would like the numbers for your neighborhood.
Or if you’d like to get regular updates on homes for sale in your area, or another area that you are thinking about, just ask.
This year, the local real estate market started off stronger than it did last year. Yet this past month of June 2019 was slower in sales.
Here are some market statistics for you for the first six months of 2019 in Anne Arundel County, compared to last year:
- Average Discount Off Original Price: 2.8% (was 2.9%)
- Average Days on the Market: 72 (down 8.86%)
- Total Sales: $1,862,945,250 (up 5.20%)
- Average Sold Price: $408,630 (up 4.12%)
- Real Buyers (Homes Sold): 4,565 (up 1.17%)
(Source: Bright MLS Copyright 2019 – Information deemed reliable, but is not guaranteed.)
While the year started off stronger than last year, we saw a slowdown in June, compared to last year. Only 918 homes were sold, compared to 979 last year, a 6.23% reduction.
These numbers tell a story, of what has happened in the past. Everyone wants to know what is coming next. What we are seeing on the street now is that some sellers who didn’t get their properties sold in the Spring are becoming more flexible, and buyers are often finding more negotiating room, and less competition, than earlier in the year.
If you or someone you know is looking to make a move, anywhere in the country, don’t hesitate to ask me for information. I’d love to help.
As always, feel free to share this post with anyone who might be interested.