Annapolis MD Market Report for May 2010
Overall May showd an increase in closed and under contracts for the 21401 and 21403 zip codes and a slightly lower increase for the 21409 zip code compared to April. The number of available homes for sale rose in many areas which is normal for a spring market. Now that summer is officially here sales should taper off as they do every summer with a pick up again in August before school gets under way. However, in this market reality... time will tell if that is what actually happens.
Courtesy Martha Brown- Realtor(R) Long & Foster Real Estate
410-440-7839 cell 410-721-1500 office
|
$250,000 and Under |
21401 |
21403 |
21409 |
|
Active |
43 |
45 |
18 |
|
Under Contract |
12 |
13 |
3 |
|
Sold |
10 |
16 |
6 |
|
Absorption Rate (In Months) |
1.9 |
1.5 |
2 |
|
$250,000 to $500,000 |
21401 |
21403 |
21409 |
|
Active |
129 |
107 |
47 |
|
Under Contract |
11 |
18 |
16 |
|
Sold |
22 |
10 |
8 |
|
Absorption Rate (In Months) |
3.9 |
3.8 |
1.9 |
|
$500,001 to $750,000 |
21401 |
21403 |
21409 |
|
Active |
77 |
51 |
18 |
|
Under Contract |
4 |
3 |
2 |
|
Sold |
8 |
4 |
5 |
|
Absorption Rate (In Months) |
6.4 |
7.2 |
2.5 |
|
$750,001 to $999,999 |
21401 |
21403 |
21409 |
|
Active |
51 |
26 |
17 |
|
Under Contract |
4 |
0 |
5 |
|
Sold |
7 |
1 |
1 |
|
Absorption Rate (In Months) |
4.6 |
26 |
2.8 |
|
$1,000,000 and Up |
21401 |
21403 |
21409 |
|
Active |
58 |
35 |
22 |
|
Under Contract |
1 |
2 |
1 |
|
Sold |
3 |
0 |
1 |
|
Absorption Rate (In Months) |
14.5 |
17.5 |
11 |
Courtesy Martha Brown- Realtor(R) Long & Foster Real Estate
410-440-7839 cell 410-721-1500 office
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