Market Assessment, Anne Arundel County, Maryland - May 2010
The preliminary May 2010 data is now available from MRIS.com for Anne ArundelCounty, Maryland and other metro-Washington and metro-Baltimore counties. To quickly summarize the information for May, the average sale price fell by 2.5% and the dollar volume increased by a whopping 17% from this time last year, while month-over-month prices increased slightly by 2.5% and the dollar volume increased by 4.8%. There was also a dramatic increase in total units sold over last year which increased by 20% but only 2.5% month-over-month. The likely cause of this is one several reasons - two stand out. First, May followed the end of the home buyer tax credit on April 30th. Second, there is often a seasonal increase in activity as spring turns to summer. While anecdotal reports suggest that many of the sales in March and April were made by first-time homes there should be an accompanying boost in sales following the expiration of the tax credit. Pending sales fell 33.4% from April to May. Since pending sales is such a good predictor of future sales, June may be a "down" month.
Year-to-Year
| Anne Arundel County - Year-to-Year | 2010 | 2009 | % Change |
| Total Sold Dollar Volume: | $ 169,864,763 | $ 145,133,999 | 17.0 % |
| Average Sold Price: | $ 345,254 | $ 353,985 | - 2.5 % |
| Median Sold Price: | $ 273,623 | $ 300,000 | - 8.8 % |
| Total Units Sold: | 492 | 410 | 20.0 % |
| Average Days on Market: | 110 | 146 | - 24.7 % |
| Average List Price for Solds: | $ 359,232 | $ 396,421 | - 9.4 % |
| Avg Sale Price as a percentage of Avg List Price: | 96.11 % | 89.30% |
Month-to-Month
| Anne Arundel County - Month-to-Month | May 2010 | April 2010 | % Change |
| Total Sold Dollar Volume: | $ 169,864,763 | $ 162,139,836 | 4.8 % |
| Average Sold Price: | $ 345,254 | $ 337,791 | 2.2 % |
| Median Sold Price: | $ 273,623 | $ 289,950 | - 5.6 % |
| Total Units Sold: | 492 | 480 | 2.5 % |
| Average Days on Market: | 110 | 133 | -17.3 % |
| Average List Price for Solds: | $ 359,232 | $ 252,607 | 1.9 % |
| Avg Sale Price as a percentage of Avg List Price: | 96.11 % | 95.80 % |
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.
Prior Month Assessments
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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