The Inventory of Homes in The Broadneck Peninsula Remains Virtually Unchanged

Real Estate Agent with Keller Williams Flagship

The Inventory of Homes in The Broadneck Peninsula Remains Virtually Unchanged.

There are currently 167 homes on the market in the 21012 and 21409 zip codes versus 173 during the same time last year. 

What dictates whether prices go up, go down or stay flat? Supply and demand. 


Market Conditions Broadneck Peninsula

When there are more buyers in the market than homes on the market, prices go up.  When there are more homes on the market than buyers to buy them, prices go down. 

One of the things that confuse the buyers and sellers in our local market is when they listen to the global news and try to apply it to our local market. 

I try to explain it this way.... when you are planning a trip to Florida, you don't watch the weather forecast for the west coast.  You have to narrow your search by going to and putting in the zipcode for Tampa, Florida.  This search is now a relevant search and can be used to start packing your bags.

Just like the weather forecast, real estate is the same way.  You have to disregard what the real estate market is doing in Phoenix,  AZ and do your research using a real estate site and your local zipcode.  The easiest way to determine what is going on in the Broadneck real estate market, is to contact a local Realtor and ask him to pull comparables of your home and give you a competitive market analysis. 

If you are thinking about selling your home in the Broadneck Peninsula, please give us a call or drop us an email and we would be happy to review the local market conditions with you and determine the value of your home.

The Inventory of Homes in The Broadneck Peninsula Remains Virtually Unchanged.

Live well my friends!

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Also, please visit our website as well.  Here you will find helpful information about buying, selling or investing in a home in and around Annapolis and Anne Arundel County, MD.

Live Well,

Diane Donnelly

Comments (3)

John G. Johnston
John G. Johnston & Associates, LLC - Westcliffe, CO
An Exclusive Buyer's Agent ~ Westcliffe, CO

Diane  This is a great way to explain the local market conditions to people.  I really like using the weather for comparisons.  Enjoy the day!

Mar 08, 2013 12:10 AM
Diane Donnelly
Keller Williams Flagship - Annapolis, MD
Anne Arundel County, MD Real Estate

Thanks John.  I have had much success explaining it this way.  It helps people put it in perspective.  :)

Mar 09, 2013 10:34 PM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

This year we have a slight degree of scarcity in some price points .

Good news for this blog post -  !!!

Jul 14, 2014 08:26 PM