If you’ve been waiting for the right time to buy a home in Anne Arundel County, this might be your moment to take another look. After months of tight budgets and high rates, affordability is finally starting to turn a corner — and for many buyers, the change is adding up to real savings.
According to First American, affordability has improved for five straight months across most major U.S. markets. Here in Anne Arundel County, we’re seeing the same encouraging trend.
What $280 Means for Buyers
The average monthly mortgage payment on a median-priced home has dropped by roughly $280 compared to earlier this year. Over the course of a year, that’s nearly $3,400 in savings — enough to make a noticeable difference in a family’s budget.
Even if that doesn’t sound life-changing at first, it could be the difference between “we’re waiting” and “we’re ready.” A few hundred dollars per month may open up options that weren’t available a few months ago — whether that’s moving closer to work, upgrading to a larger home, or finally finding that perfect property in places like Odenton, Crofton, Gambrills, Millersville or Annapolis.
Why It’s Happening
Two important factors are contributing to this welcome shift:
Mortgage rates have eased from their peak earlier in the year.
Home price growth has moderated in many markets.
Together, these trends are helping buyers regain some much-needed breathing room — especially in markets like ours, where demand remains steady but inventory is beginning to open up.
Why It Matters Now
When you combine improved affordability with a strong local economy and desirable communities, Anne Arundel County continues to stand out as one of the most appealing areas in Maryland. For many, this could be the moment to explore what’s possible — and to find the right home without stretching too far financially.
If you’ve been on the sidelines, this shift may be your cue to run the numbers again. Scott and the Smolen Team can help you review your options, estimate your updated monthly payment, and see how much more buying power you may have today compared to just a few months ago.
Bottom Line
Affordability is improving, and that’s good news for Anne Arundel County buyers.
If you’ve been waiting for the market to give you a little more room to move, this could be the opportunity you’ve been hoping for. Contact Scott and the Smolen Team today to see how today’s numbers could make your next move possible.
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