Archive for the 'Market Statistics' Category
Anne Arundel County Real Estate Market Statistics July 2010
July 23rd, 2010
Categories: Home Buying, Home Selling, Market Statistics
Good News!
Here’s the data for June 2010 (vs June 2009)
Avg Sold Price as Percent of Avg Asking Price: 91 % (up 2 percentage points)
Average Days on Market: 106 (down 14.52 %)
(this is a good thing)
Active Home Listings: 4303 (up 0.74 %)
Total Sold Dollar Volume: $208,571,804 (up 22.23 %)
(this is a good thing)
Average Sold Price: $375,129 (up 6.18 %)
Total Units Sold: 556 (up 15.11 %)
(and this too)
In total this means that a few more homes are coming on the market, many more are selling for a bit more money. Although the higher average price may simply be an indication that higher priced homes are more salable, versus an indication that prices are rising. In fact, in most areas prices are stable, thank goodness.
And, as they say, “Your mileage may vary!” so, for specific data on your neighborhood & how this impacts your property, call today.
Or visit http://www.AnnapolisHomeValues.com
(YES, I CAN HELP YOU BEAT THE AVERAGES.)
Get your property sold quickly, easily, and for top dollar.
Get a smart, aggressive Internet strategy.
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P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland, 410-268-0160
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Annapolis Real Estate Market Statistics January 2010
February 10th, 2010
Categories: Home Buying, Home Selling, Investing, Market Statistics
As expected, the National Association of Realtors (NAR) reported a decline in existing home sales at the end of 2009, as first time buyers rushed to beat the tax credit deadline and close their transactions by November 30. Although Existing home sales fell by 16.7 percent in December, sales remained brisk enough to break the 5 million unit mark, bringing total the number of existing homes sales up to 5,156,000 for all of 2009. The 2009 sales figures were almost 5 percent higher than the year before, creating first year-over-year sales gain since 2005.
Chief NAR economist Lawrence Yun remains cautiously optimistic about the national housing market. “It’s significant that home sales remain above year-ago levels, but the market is going through a period of swings driven by the tax credit,” he said. ‘We’ll likely have another surge in the spring as home buyers take advantage of the extended and expanded tax credit. By early summer the overall market should benefit from more balanced inventory, and sales are on track to rise again in 2010. However, the job market remains a concern and could dampen the housing recovery – job creation is key to a continued recovery in the second half of the year.”
Anne Arundel County figures for January 2010 are shown below.
| 2010 | 2009 | % Change | |
|---|---|---|---|
| Total Sold Dollar Volume: | $ 82,430,795 | $ 76,187,655 | 8.19 % |
| Average Sold Price: | $ 378,123 | $ 371,647 | 1.74 % |
| Median Sold Price: | $ 297,500 | $ 304,000 | – 2.14 % |
| Total Units Sold: | 218 | 205 | 6.34 % |
| Average Days on Market: | 126 | 142 | – 11.27 % |
| Average List Price for Solds: | $ 427,628 | $ 421,327 | 1.50 % |
| Avg Sale Price as a percentage of Avg List Price: |
88.42 % | 88.21 % |
Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2010 – Information deemed reliable, but is not guaranteed.
If you would like specific information on what is happening with home sales in your neighborhood, I’ll be happy to help. Call for a free, no-obligation consultation. Get the information you need to help you enjoy the home of your dreams.
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland
| Discussion: No Comments »
Annapolis Real Estate Market Statistics November 2009
December 21st, 2009
Categories: Home Buying, Home Selling, Investing, Market Statistics
The National Association of REALTORS (NAR) reported a 10 percent increase in existing home sales, while inventory fell 3.7 percent. Existing homes sales are on pace to reach 6.1 million units by year’s end, are up over 23 percent from the same time a year ago.
Much of the recent activity was sparked by first time buyers looking to take advantage of an $8,000 tax credit, which was initially due to expire at the end of November. NAR expects market demand to remain strong as the tax credit program has been extended and expanded through April 30.
Current inventory levels in all price ranges have dropped to 3.57 million units nationally, creating a 7-month supply. “Low-end inventory has become very tight in many areas and in some cases buyers are becoming more aggressive,” explained NAR president Vicki Cox Golder. Multiple offers are not uncommon in the lower price ranges, and foreclosed properties are selling more quickly.
Anne Arundel County figures for November 2009 are shown below.
| 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 % |
Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2009 – Information deemed reliable, but is not guaranteed.
If you would like specific information on what is happening with home sales in your neighborhood, I’ll be happy to help. Call for a free, no-obligation consultation. Get the information you need to help you enjoy the home of your dreams.
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland
| Discussion: 1 Comment »
Wanted: Homes for Sale in Annapolis and Anne Arundel County – Sales Up, Inventory Down
November 16th, 2009
Categories: Home Selling, Market Statistics
Homes for sale are needed in Annapolis and Anne Arundel County.
Carlyn Lowery Sold Another Home
Home sales in Anne Arundel County were up a staggering 44% in October 2009 as compared to October 2008. And inventory was down 11%, to 3906 homes at the end of October 2009 as compared to 4357 at the end of October 2008.
And now, tax incentives for first-time home buyers have been expanded and extended until the Spring, which will increase demand. Interest rates are low, with safe 30-year-fixed rate loans available below 5% with no points.
Many people who would like to move are not sure if it is time to put their property on the market, as they are hearing mixed reports. With all the news about the tough economy, and credit being hard to get, people sometimes get the impression that houses are not selling.
Houses ARE selling, and only those that are on the market have the chance to sell. For those who are thinking about making a move, opportunity is knocking.
More on this topic:
Homebuyer Tax Credit Extended and Expanded, A Gift for Annapolis Real Estate Buyers
Annapolis Real Estate Market Statistics November 2009
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland
| Discussion: No Comments »
Annapolis Real Estate Market Statistics November 2009
November 13th, 2009
Categories: Home Buying, Home Selling, Investing, Market Statistics
Existing Home Sales are at their highest levels in over 2 years, according to an October report published by the National Association of REALTORS (NAR). Fueled by increased activity among first time home buyers, the existing housing market has shown gains in five of the last six months. Based on the recent 9.4 percent increase from August to September, NAR is predicting annual sales volume of 5.57 million units for 2009, up from the earlier prediction of 5.10 million units.
Buyers are taking advantage of low interest rates and a first time buyers tax credit available through the end of November. “Much of the momentum is from people responding to the first-time buyer tax credit, which is freeing many sellers to make a trade and buy another home,” said Lawrence Yun, NAR chief economist.
Total housing inventory is trending down across the country, reaching its lowest level in two and a half years. Inventory fell to 3.6 million homes available for sale at the end of September. This represents a 7.8 month supply at our current sales pace. “If we could continue to absorb inventory at this pace, home prices would return to normal, modest appreciation patterns next year,” Yun said.
Anne Arundel County figures for October 2009 are shown below.
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Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2009
- Information deemed reliable, but is not guaranteed.
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland
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Annapolis Real Estate News Available on Facebook
November 4th, 2009
Categories: Home Buying, Home Selling, Investing, Living in Annapolis, Market Statistics, Renting
If you like Facebook, you might enjoy reading these posts there (or maybe you already are!). To get these posts and other news on Facebook, become a fan of the Carlyn Lowery Real Estate Team
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Some folks read these blog posts with their favorite RSS reader such as iGoogle, some subscribe by email, some follow me on Twitter, and some find it most convenient to discover the latest news when checking in with friends on Facebook. The formatting seems nicest here, yet some of the other delivery methods are more convenient.
I’m still experimenting with Facebook and Twitter, and would love to hear how you like to use them for both work and play.
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland
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Annapolis Real Estate Market Statistics September 2009
September 23rd, 2009
Categories: Home Buying, Home Selling, Investing, Market Statistics
For the first time in five years, existing home sales have increased for four months in a row, according to an August report by the The National Association of Realtors® (NAR). Existing home sales – including single-family, townhomes, condominiums, and co-ops – increased 7.2 percent in July, which is the largest monthly sales gain recorded since 1999. Analysts are projecting an increase in 2009 of existing home sales to a seasonally adjusted annual rate of 5.24 million units, which is 5 percent above the 4.99 million-unit pace set in July 2008.
“The housing market has decisively turned for the better,” said Lawrence Yun, chief NAR economist. “A combination of first-time buyers taking advantage of the housing stimulus tax credit and greatly improved affordability conditions are contributing to higher sales.”
Anne Arundel County figures for August 2009 are shown below.
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Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Information is deemed reliable, but is not guaranteed.
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland
| Discussion: No Comments »
Anne Arundel County Real Estate Market Trends August 2009
August 14th, 2009
Categories: Home Buying, Home Selling, Investing, Market Statistics
Major US cities are reporting their first gains in monthly home prices in nearly three years, according to a recent report from the Wall Street Journal. Home prices in 15 of the 20 metropolitan areas studied were up, or remained stable, suggesting evidence that the slowdown could be easing.
The National Association of REALTORS® (NAR) also reported increased sales of new and existing homes through the month of June. Existing home sales – including single-family, townhomes, condominiums, and co-ops – increased 3.6 percent in June. Analysts are projecting an increase in 2009 existing home sales to a seasonally adjusted annual rate of 4.89 million units.
“The increase in existing-home sales occurred in all major regions of the country,” said Lawrence Yun, chief NAR economist. “We expect a gradual uptrend in sales to continue due to tax credit incentives and historically high affordability conditions.”
Anne Arundel County figures for July 2009 are shown below.
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Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Information is deemed reliable, but is not guaranteed.
If you would like specific information on what is happening with home sales in your neighborhood, I’ll be happy to help. Call for a free, no-obligation consultation. Get the information you need to help you enjoy your the home of your dreams.
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland
| Discussion: No Comments »
Anne Arundel County Real Estate Market Trends July 2009
July 17th, 2009
Categories: Home Buying, Home Selling, Investing, Market Statistics
For the first time in over three years, existing home sales continued to grow for back-to-back months. According to the National Association of REALTORS® (NAR), May’s 2.4 percent gain can be attributed to greater housing affordability throughout the country, and the first-time buyer tax credit. The last such consecutive monthly increase occurred in September 2005. Housing analysts have revised their forecast and are predicting existing home sales volume of 4.77 million units for 2009, up from the 4.66 million units projected in April.
NAR chief economist Lawrence Yun has been predicting the improvement. “Historically low mortgage interest rates clearly drew buyers into the market, and housing remains very affordable even with a recent uptick in rates,” he said. “First-time buyers also are being drawn off the sidelines by the $8,000 tax credit, which is helping to absorb inventory. However, the increase in sales is less than expected because poor appraisals are stalling transactions. Pending home sales indicated much stronger activity, but some contracts are falling through from faulty valuations that keep buyers from getting a loan.”
A NAR survey reports that first-time home buyers accounted for 29 percent of transactions during the month of May. Buyer activity is up across the board, too, as the number of home buyers in May was 10 percent higher than at the same point a year ago. “This is the time of year when we see large increases in the number of repeat buyers, who are benefitting from sales to entry-level buyers,” Yun said. “Investors appear less active, but are more prevalent in areas with large price corrections.”
Freddie Mac reported that the average commitment rate for a 30-year, conventional, fixed-rate mortgage is at 4.86 percent for the month of May; the rate is down from 6.08 percent in May 2008.
Anne Arundel County figures for June 2009 are shown below.
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Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Information is deemed reliable, but is not guaranteed.
If you would like specific information on what is happening with home sales in your neighborhood, I’ll be happy to help. Call for a free, no-obligation consultation. Get the information you need to help you enjoy your the home of your dreams.
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland
| Discussion: No Comments »
Anne Arundel County Maryland Real Estate Market Statistics – November 2008
November 10th, 2008
Categories: Home Buying, Home Selling, Investing, Market Statistics
The National Association of REALTORS (NAR) reported in October that existing home sales increased over 5 and a half percent — a sign of improved housing affordability. The estimated annual volume has been revised upwards from of 4.91 million to 5.18 million units for 2008, representing a 1.4 percent increase over the previous year. The combination of lower prices, higher inventory and low mortgage rates have all contributed to the increase in sales.
“This is the first time since November 2005 that home sales have been above year-ago levels,” said NAR president, Richard Gaylord. “Credit tightened at the end of September, but the improvement demonstrates that buyers who have been on the sidelines want to get into the market to make a long-term investment in their future.”
Freddie Mac is reporting a recent drop in interest rates for the 30-year, conventional, fixed rate mortgage, averaging 6.04 percent in September, down from 6.48 percent in August. Despite the lower rates, speculative investors have not yet returned to the market, according to Lawrence Yun, NAR chief economist. Yun reports, “80 percent of current buyers are purchasing a primary residence, which is a bit higher than historic norms.”
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Total housing inventories were down 1.6 percent for the month of September, marking two consecutive monthly declines since inventory levels peaked in July.
Anne Arundel County figures for October 2008 are shown below.
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Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Information is deemed reliable, but is not guaranteed.
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland
| Discussion: No Comments »
