The market has really been heating up with spring, with more buyers searching for their first or next home. The number of new listings has increased and the number of homes going under contract has also increased. The numbers boast an improvement in the housing market here in Maryland. How much of this is just due to seasonal adjustments though rather than market conditions and the reduction in the federal lending rates. It will be interesting to see how this all changes with the changes in the FHA and Jumbo loan limits and the drop in the rates.
These figures are taken directly from our MRIS system and are believed to be accurate.
Glen Burnie, MD
New Listings 32 (increase of 8 from last week) Total 452
Under Contract 15 (no change)
Settled Sales 7 (decrease of 4 from last week)
Anne Arundel County
New Listings 313 (increase of 20 from last week) Total 4193
Under Contract 122 (increase of 20 over last week)
Settled Sales 46 (decrease of 30 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.
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