Three hundred eighty-five home sales closed last month throughout Anne Arundel County. That's good news for these buyers and sellers, but the number of transactions is down 9% from last month (August 2010) and down 20% from the same month last year (September 2009).
Prices were relatively stable in September, with the average price going up 1% from September 2009, and down 5% from last month (August 2010). The median price was down almost 2% from last September, and almost 11% from last month (August 2010).
I'll post some graphs and charts for you to view at the bottom of this post, but I know you have questions, starting with this...
"What does all this mean?" The short answer is very simple: The real estate market is still confused, and it doesn't know whether to turn around or collapse.
But we must always go back to those 385 home buyers and sellers last month, and know that the glass is at least half full. Those individuals survived this real estate market and hopefully satisfied their real estate goals.
Now, let's take a look at the market in a more visual format:
Here's a summary of real estate statistics for Anne Arundel County last month, comparing year on year (YoY) and month on month (MoM)
NOTE: Statistics include only properties listed with MRIS.
If you have any questions about these statistics, or want to know your odds of selling a home in this market, please don't hesitate to contact me. I've been helping home sellers and buyers in Anne Arundel County MD for over 30 years.
Source of Statistics: MRIS
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