The March 2010 data is now available at MRIS.com for Anne Arundel County, Maryland and other metro-Washington and metro-Baltimore counties. To quickly summarize the March data, the average sale price fell by over 10% and the dollar volume fell by just shy of 2% from this time last year, while month-over-month prices fell by just over 5% and the dollar volume was up significantly by 49%. The likely cause of this is one several reasons - two stand out. First, March followed a snowy February with many buyers sitting home and sitting out the market. Second, the first-time homes typically purchase lower cost homes, thus pulling down the average sales price and many first-time home buyers are out shopping for a bargain before the $8K tax credit ends on April 30th.
Year-to-Year
| Anne Arundel County - Year-to-Year | 2010 | 2009 | % Change |
| Total Sold Dollar Volume: | $ 131,219,829 | $ 133,785,193 | - 1.9 % |
| Average Sold Price: | $ 339,069 | $ 380,072 | - 10.8 % |
| Median Sold Price: | $ 290,000 | $ 290,000 | 0.0 % |
| Total Units Sold: | 387 | 352 | 9.9 % |
| Average Days on Market: | 133 | 149 | - 10.7 % |
| Average List Price for Solds: | $ 377,383 | $ 434,859 | - 13,2 % |
| Avg Sale Price as a percentage of Avg List Price: | 89.85 % | 87.40 % |
Month-to-Month
| Anne Arundel County - Month-to-Month | Mar. 2010 | Feb. 2010 | % Change |
| Total Sold Dollar Volume: | $ 131,219,820 | $ 88,347,840 | 48.5 % |
| Average Sold Price: | $ 339,069 | $ 357,684 | - 5.2 % |
| Median Sold Price: | $ 290,000 | $ 275,000 | 5.2 % |
| Total Units Sold: | 387 | 247 | 56.7 % |
| Average Days on Market: | 133 | 131 | 1.5 % |
| Average List Price for Solds: | $ 377,383 | $ 357,684 | - 7.3 % |
| Avg Sale Price as a percentage of Avg List Price: | 89.85 % | 88.42 % |
How Does Your Home Compare?
A comparable market analysis shows recent sales for homes similar to your own in location, type and style (for example single family home and colonials), size (for example bedroom and baths), and age. The Stephen Howell Realty Group provides an online evaluation of your home using real-time data from the multiple listing service (MRIS - our MLS). The evaluation is interactive, easy to use and best of all FREE. Click here to get started now.
Notice: Information is believed to be accurate, but should not be relied upon without verification.
If you are interested in buying or renting a home in Annapolis, Maryland or the surrounding area and want to tour any property currently on the market, or if you have a home to sell or rent in Annapolis, Maryland and want a professional consultation on current market conditions, please contact me at 410-923-3217 or e-mail me at showell@cbmove.com or visit my website at LiveInAnnapolis.com.
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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