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

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Anne Arundel County Real Estate Market Statistics August 2019

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Contract Pending 8203 Connors Lane Millersville MD  21108

Are you wondering what is going on in the Anne Arundel County real estate market? You can use local market statistics to help make the best choices.

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.

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Here are some market statistics for August of 2019 in Anne Arundel County, compared to last year:

  • Average Discount Off Original Price: 2.7% (was 3.4%)
  • Average Days on the Market: 54 (down 21.74%)
  • Total Sales: $366,155,110 (down 4.51%)
  • Average Sold Price: $404,591 (down 4.51%)
  • Real Buyers (Homes Sold): 907 (up 0.22%)
  • Pending Sales (Homes Under Contract): 1,497 (up 19.38%)

(Source: Bright MLS Copyright 2019 – Information deemed reliable, but is not guaranteed.)

While the numbers show that on average homes sold faster, and about the same number sold, looking more closely shows a different story.  Only 562 detached homes were sold, compared to 596 last year, a 7.38% reduction.  The increased sales have been townhomes and condos.

Also, because we are so active in the market, my colleagues and I have noticed a trend that hasn’t made headlines, and is not so obvious at first glance. You find these things out by talking to people active in the business. More contracts have been falling through. For a lot of people, this has made the moving process even more of an emotional roller coaster than it usually is!

In order to give the best advise to my clients, I looked over the numbers in more detail. In the past few months, there has been a growing gap between contracts and homes sold. In August, new pending sales rose sharply – 1,497 contracts pending, an overall increase of 19.38%. Yet, the number of homes sold was nearly flat compared to last August.

What this means for you, if you are planning a move, is that it is important to get professional advice and get ready for the market conditions that affect your particular type of property. It’s important to look beyond the averages and get into your specific part of the market. And, have a strategy to “bulletproof” your contract, to give yourself the best chance of getting from contract to closing.

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.

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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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