Annapolis, MD is the 800 pound gorilla in the Anne Arundel County, MD real estate area. In Annapolis, the 21401 Zip Code is the largest and busiest for real estate sales. This zip code has been doing very well for 2013. May 2013 showed a 72.27% increase in Sold Dollar volume over May, 2012. The volume was an impressive $34,672,450. Total number of listings were down slightly as seen on the graph below.
After increasing strongly in the beginning of 2013, the Median Sold Price has stabilized somewhat over the last three months. In May, 2013, the Median Sold Price for a home in the 21401 Zip Code was $372,000.
The strength of the sellers market in Annapolis, MD right now can be seen by the graph below. The Average Days on Market for an Annapolis home has dropped considerably since the beginning of the year. In May, 2013, the Average Days on the Market was a low 67 days.
The Average Sold to Original List Price Ratio is the highest it's been in a year at 94.63%. Homes are being priced right and offers are coming in at close to list price, showing a strong sellers market.
Richard Iarossi is a full time licensed REALTOR®, working in Crofton, MD. My coverage areas are: Anne Arundel, Prince George’s, Howard, Calvert, Queen Anne, and Baltimore City and County. I specialize in residential real estate, working with both buyers and sellers. Use the registration free search on my website at www.RichSellsHomes.com. If you’re not already working with a REALTOR®...I can help. Call me at 443-995-9595 (Cell) or 410-451-6255 (Office).
SKYPE ME: RichSellsHomes