Announcing October 09 Home Sales For Annapolis MD

Divided into 3 zip codes. 21401 (downtown and close in areas), 21403 (Eastport and out to Bay Ridge) and 21409 (St. Margarets and up Rt.50 to the Bay Bridge.) this update includes SOLDS, UNDER CONTRACT AND AVAILABLE homes as of November 2, 2009.

Home prices vary in all three areas with many listed way below and way above the average sales price noted for each area. All 3 areas showed a slight drop in number of Solds compared to September.  

Absorption rates are calculated using the number of active homes for sale divided by the number of homes under contract.

The Information contained below is deemed to be reliable and every effort has been made to assure that the information is as accurate as possible. All statistics were gathered from the Metropolitan Regional Information Services (MRIS) 

Annapolis MD 21401 Market Update

40 Homes SOLD in October 2009. Average sold price was $493,750

31 homes are UNDER CONTRACT as of November 2, 2009

149 homes are actively ON THE MARKET 

The absorption rate for 21401 = 4.8 months

Annapolis MD 21403 Market Update

28 homes SOLD in October 2009. Average sold price was $361,154

56 homes are UNDER CONTRACT as of November 2, 2009

297 Homes are actively ON THE MARKET

The absorption rate for 21403 = 8.25 months

Annapolis MD 21409 Market Update

15 homes SOLD in October 2009. Average sold price was $473,783

31 homes are UNDER CONTRACT as of November 2, 2009

149 homes are actively ON THE MARKET

The absorption rate for 21409 = 4.8 months

About the Author- Martha Brown is a Certified Residential Specialist (CRS) whose passion is homes in the Annapolis MD area and surrounding communities. Her goal is to help her clients understand the real estate market and to then be able to make sound real estate decisions. Martha is a 3rd generation Annapolitan who writes about her experiences in and out of the real estate market. Her passion has carried over to her granddaughter, Nichole, who is her partner in business. Between the two of them they offer a wide and full range of real estate services that cover 4 counties bordering Annapolis MD. Martha has been in the real estate business for 17 years of which all have been associated with Long & Foster Real Estate, Inc., the largest independently owned real estate company in the Mid Atlantic.

Martha Brown of Long & Foster Real Estate, Inc. disclaims any implied warranty or representation about the information contained within as to completeness or appropriateness for any particular purpose. This includes but is not limited to any information provided by third parties such as the MRIS.