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. 

Put my systems to work for you today.

I CAN PUT MORE MONEY IN YOUR POCKET . . .

Call Today!

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

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.

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

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.

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

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.

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

Carlyn Lowery Real Estate Team

Promote Your Page Too

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

]]> http://annapolisrealestatetoday.com/2009/11/04/annapolis-real-estate-news-available-on-facebook/feed/ 0 http://annapolisrealestatetoday.com/2009/09/23/annapolis-real-estate-market-statistics-september-2009/ http://annapolisrealestatetoday.com/2009/09/23/annapolis-real-estate-market-statistics-september-2009/#comments Wed, 23 Sep 2009 16:55:09 +0000 carlynlowery http://annapolisrealestatetoday.com/?p=165 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.

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

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.

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

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.

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

“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.”

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.

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