The November 2009 data is now available at MRIS.com for Anne Arundel County, Maryland and other metro-Washington and metro-Baltimore counties. To quickly summarize the November data, the average sale price fell by 11.17% while the dollar volume was up 54.62% from this time last year, while month over month was down 11.9%. The likely cause of this is the first-time home buyer credit of $8,000 bumped up the October sales both year over year and month over month. Remember, this time last year we were deep into the housing crisis with little to no activity in the real estate market. What a difference a year makes!!!
Year-to-Year
| Anne Arundel County - Year-to-Year | 2009 | 2008 | % Change |
| Total Sold Dollar Volume: | $ 154,774,910 | $ 100,101,191 | 54.62 % |
| Average Sold Price: | $ 334,287 | $ 376,320 | - 11.17 % |
| Median Sold Price: | $ 285,000 | $ 314,500 | - 9.38 % |
| Total Units Sold: | 463 | 266 | 74.06 % |
| Average Days on Market: | 122 | 149 | - 18.12 % |
| Average List Price for Solds: | $ 370,766 | $ 434,822 | - 14.73 % |
| Avg Sale Price as a percentage of Avg List Price: | 90.16 % | 86.55 % |
Month-to-Month
| Anne Arundel County - Month-to-Month | Nov. 2009 | Oct. 2009 | % Change |
| Total Sold Dollar Volume: | $ 154,774,910 | $ 175,680,472 | - 11.9 % |
| Average Sold Price: | $ 334,287 | $ 349,961 | - 4.9 % |
| Median Sold Price: | $ 285,000 | $ 285,000 | 0.0 % |
| Total Units Sold: | 463 | 502 | - 7.8 % |
| Average Days on Market: | 122 | 130 | - 5.4 % |
| Average List Price for Solds: | $ 370,766 | $ 388,439 | - -4.5 % |
| Avg Sale Price as a percentage of Avg List Price: | 90.16 % | 90.09 % |
How Does Your Home Compare?
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Information is believed to be accurate, but should not be relied upon without verification.
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Stephen Howell came to Annapolis to sail the Bay in 1994. What he discovered was a whole new lifestyle. Ever since Stephen Howell has been successfully helping others make the most of Annapolis. You'll find that with the right professional by your side, you can Live the Lifestyle and Live in Annapolis.
Stephen Howell and Rocky (his lab-mix from the SPCA of Anne Arundel County in Annapolis) live on the Chesapeake Bay near Annapolis, Maryland. He works in the Annapolis real estate market. His website lets people search the Washington and Baltimore metropolitan area MLS. Buyers can also search for waterfront homes along the Chesapeake Bay. His website has current real estate data on Annapolis, Anne Arundel County, and Maryland.
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Stephen, It appears that the government incentives for first time homebuyers and move up buyers is showing as a positive on the market.
Thanks for the article. We learn a lot from Active Rain blogs. Best Regards,
I added the month-to-month data for November vs. October 2009. While year-to-year there was a positive gain, month-to-month saw a slowdown. This could be expected since the $8,000 first-time home buyer credit essentially "ran out". While the extension to the credit should continue to stimulate the market, we're probably going to see further declines (as one would expect in December where the focus is on the holidays) before we see another bump in March and April before the next expiration of the housing stimulus expires. While I like the idea that the government continues to provide stimulus to home buyers (especially now that long-time owners get $6,500 too in credits for buying and selling), the urgency went from at 12 (on a scale of 1 to 10) in October to a -2 (on the same scale of 1 to 10) in late November and December. Expect the buying tempo to build after the holidays and before April 30th 2010!