Here are the latest numbers on home sales, for November 2011 vs November 2010 for Anne Arundel County:
Average Discount Off Original Price: 9.62%
Average Days on the Market: 123 (up 4.24%)
Number of Homes for Sale: 2,941 (down 11.68%)
Total Sales: $125,812,587 (up 5.92%)
Average Sold Price: $349,479 (up 8.57%)
(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2011 – Information deemed reliable, but is not guaranteed.)
The numbers show signs of market strength as compared to last year, with lower inventory, higher sales volume, and higher average sold price. With those positives, most sellers don’t mind the higher average time on market!
The trend continues of many people choosing to stay in their current homes, and making home improvements while the contractors are less busy. (Let me know if you need an introduction to a good contractor. I know lots of them, and they appreciate the referrals, too.)
Others are finding it’s a great time to take advantage of the opportunity to negotiate a good purchase on a new home. Of course, it’s not as easy to sell. Good staging and marketing make all the difference.
To beat the averages, get good advice as you plan your next move.
Would you like to know what is happening in your neighborhood? Just ask.
Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146
