Glen Burnie, Anne Arundel County, Maryland - Market Update for the Week Ending November 7, 2009

Glen Burnie, Anne Arundel County, Maryland - Market Update for the Week Ending November 7, 2009

The Anne Arundel County real estate market is still seeing a welcome increase in sales and settlements over the past weeks, the sales are edging higher.  Interest rates are still low.  The home sales still aren't as swift as we would like to see, however, they are remaining fairly stable.  The number of new listings has declined steadily over the past few weeks and we are seeing a slight increase in the number of homes going under contract and settling.  Home prices are also remaining fairly stable as we move into the Thanksgiving Season.  Now that fall is here to stay we'll see another spurt in activity before the winter hibernation.  I'm surprised I'm not seeing more new home buyers making the decision to buy with so many great deals available.  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 but buyers need to hurry because the tax credit times are coming to an end soon.

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

Glen Burnie, MD

New Listings       23 (increase 8 from last week)          

Under Contract     12 (decrease of 3 from last week)

Settled Sales      7 (decrease of 8 from last week)

Anne Arundel County

New Listings         152 (increase 22 from last week)         

Under Contract      103 (decrease 10 over last week)

Settled Sales         55 (decrease of 79 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.  You can save thousands by listing your home with Advance Realty Anne Arundel Inc..  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.

In keeping with saluting our heroes, 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.