Glen Burnie, Anne Arundel Co., MD - Market Update for the Week Ending June 27, 2009

Glen Burnie, Anne Arundel County, Maryland - Market Update for the Week Ending June 27, 2009

The market is seeing a welcome increase in sales and settlements however despite record low interest rates and improvements in the stock market it isn't as swift as we would like to see.  The number of new listings has remained stable we are seeing a slight increase in the number of homes going under contract and settling.  I'm surprised I'm not seeing more individuals making the decision to buy with so many great deals available.  Summer vacations are now under way and people will be on the move before the kids go back to school.  Now with the economic stimulus changes (up to $8000 in tax credits) and low interest rates it will be interesting to see how this all changes.  Overall, there has never been a better time to buy, than right now.

These figures are taken directly from our MRIS system and are believed to be accurate.

Glen Burnie, MD

New Listings       22 (increase of 2 from last week)          

Under Contract     18 (increase of 7 from last week)

Settled Sales      23 (increase of 1 from last week)

Anne Arundel County

New Listings         203(increase 5 from last week)         

Under Contract      113 (decrease 15 over last week)

Settled Sales         148 (increase of 13 over last week)

Glen Burnie offers many affordable housing opportunities for those relocating to Ft. Meade and Annapolis.  Glen Burnie is located north on 97 from rt 50 or north on Rt. 2 from Annapolis Naval Academy and east along 32 and north on 97 from Ft. Meade.  It is a relatively easy commute from either base and only a couple short miles from the Curtis Bay Coast Guard Station too, as well as being commutable to DC whether you ride the MARC from Odenton or drive.

If you are thinking of buying or selling a home give me a call today and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling.  If you are considering buying a home, there is no better time than now to buy.  The tax savings and wealth building a lone is worth the plunge into todays market.

During 2009 Advance Realty Anne Arundel Inc is waving administrative fees active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's.  If you enter into a contract by the New Year's eve Advance Realty Anne Arundel Inc. will waive the admin fee at settlement.  This is a $350 savings.  If you are thinking about buying or selling a home give Advance Realty Anne Arundel a call and receive full service real estate assistance from an experienced agent.  Our office is open 7 days a week and we can be reached at 410-761-1550.

June Piper-Brandon, Broker - Advance Realty Anne Arundel Inc.