Here are some market statistics for you for the year to date through the end of April in Anne Arundel County, compared to last year:

• Average Discount Off Original Price: 3.3% (was 3.9%)
• Average Days on the Market: 74 (down 5.13%)
• Number of Homes for Sale: 2,131 (down 10.6%)
• Total Sales: $985,064,163 (up 3.12%)
• Average Sold Price: $387,668 (up 5.96%)
• Real Buyers (Home Sold): 2,541 (down 2.68%)

(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2018 – Information deemed reliable, but is not guaranteed.)

Anne Arundel County Year To Date Market Statistics Through April 2018

It’s a seller’s market.  Inventory is low, with just 2.9 months of supply on the market.  And, as you may have heard, the Fed has been slowly raising interest rates
Mortgage Rates Back at 4-Year Highs Ahead of Inflation Data
The uncertainty is causing many savvy buyers to move more quickly than they might have otherwise.   We can see that the news is getting out – per Mortgage News Daily,
Optimism Over Selling Sends Housing Index to Record High
Yet the inventory shortage is still in place.

This means that homeowners have the opportunity to take advantage of the situation.  It’s the time to sell for top dollar and get a good buy on the next home.  Now is the time to get started, in order to complete a move this year.  Who do you know who might be interested in making a move? 

If you know someone who is curious what their house would fetch in today’s market, and what else might be available, please introduce us.  I’m happy to help them find that out!

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

Local web sites in and around Annapolis, Maryland

Anne Arundel County Real Estate Market Statistics April 2018

Who do you know who is thinking of moving this year?  Wondering… is it a good time to sell the house?

This is a quick note to say yes, Act Now!

Current market data that I have gotten from the MLS and other reliable sources, including conversations with local Realtors, is showing that a combination of factors are making now a good time to sell, whether to move up or downsize.

1.  Listing inventory is low – the lowest inventory in TEN YEARS in Anne Arundel County (1741 listings at the end of January, down 14.5% from last January)

• Interest rates are rising – recently hitting a four-year high of 4.58% on 30-year fixed mortgages– causing buyers to get off the fence and get shopping.

Here are some relevant charts and articles.

Active Listings Anne Arundel County Maryland

Home Price Increases Since 2011 More Than Triple Income Gains

Existing Home Sales Decline, Inventory Still a Big Issue

If you know of someone who is looking at moving, let’s talk right away – call, text, or email me at 443-569-3977.  I want to support you and your friends, colleagues, and clients in making the best decisions.

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

Local web sites in and around Annapolis, Maryland