In Anne Arundel County, the real estate statistics through September 2014 show that this year’s sales have been stronger than last year’s, with 4.39% more homes sold (a total of 5164). Plus, they sold 7.14% faster, with an average of 78 days on market.
Sales of waterfront homes in Annapolis year to date in 2014 were up 1.16% compared to 2013. Across Anne Arundel County, sales of waterfront homes were down 7.4% compared to the previous year.
In the latter part of this year, sales have slowed, and inventory has been rising. Last month, 552 sales closed, fewer than the previous September by 5.15%. Listings are up 27.75%, to 3,393, as compared to 2,656 a year ago.
Here are more numbers on home sales, for September 2014 vs. September 2013 for Anne Arundel County:
- Average Discount Off Original Price: 5.7% (was 5.3%)
- Average Days on the Market: 75 (up 2.74%)
- Number of Homes for Sale: 3,393 (up 27.75%)
- Total Sales: $209,108,067 (down 1.92%)
- Average Sold Price: $378,819 (up 3.41%)
- Real Buyers (Home Sold): 552 (down 5.15%)
(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2014 – Information deemed reliable, but is not guaranteed.)
We have moved from into a buyers market, with approximately 6.4 months of inventory. Of course, conditions differ within sub-markets; each price range and neighborhood differs. Now, it’s important for home sellers to employ smart strategy and top talent, in order to make the best sale.
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.