2018 was a strong year for real estate sales in Anne Arundel County. While the Average Sales Price rose in 2018, and the Average Days on Market declined, the number of homes sold declined slightly compared to 2017 . Here are some market statistics for you for the entire year of 2018 in Anne Arundel County, compared to last year:
- Average Discount Off Original Price: 3.6% (was 4.3%)
- Average Days on the Market: 75 (down 16.67%)
- Total Sales: $3,659,209,090 (up 2.78%)
- Average Sold Price: $401,537 (up 4.9%)
- Real Buyers (Home Sold): 9,113 (down 2.02%)
(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2019 – Information deemed reliable, but is not guaranteed.)
Everyone is wondering what this year ahead will bring.
January 2019 was a busy month for me, and I’ve heard similar reports from colleagues. Several seller clients are getting their homes ready for market, and a few have made it onto the market – in advance of the Spring rush.
At an open house in Millersville, we had thirty-one sets of people through the home, and it sold with multiple offers in the first weekend.
Now with the cold weather and snowstorms, things have slowed down a bit. Sales, like snowflakes, come in flurries. People often want to time the market, and know when the next rush will come.
It’s important for sellers to realize that it’s good to have their properties on the market just as soon as they know they want to sell – that way, when buyers appear, their property can be discovered! (Don’t keep it a secret!)
Who’s getting ready to make a move? Let’s get started together and make it happen.
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.
Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Annapolis Waterfront Homes, Annapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146