The Anne Arundel County real estate market continued a sales decline when you compare January 2009 to January 2008. Although the decline in Total Volume this January was -28.94% 2009/2008, it was significantly better than the -41.7% experienced in January 2008/2007.
The data below shows sales volume percent increase/decrease in Anne Arundel County, MD for homes priced between $100K to $5M. Information is from Metropolitan Regional Information Systems and is deemed reliable, but not guaranteed.
January 2006/January 2005 -7.74%
January 2007/January 2006 +8.24%
January 2008/January 2007 -41.7%
January 2009/January 2008 -28.94%
January 2008 had 3,981 active listings while January 2009 showed a decline in active listings to 3,791.
Days on the Market increased slightly to 142.
Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist
©2009 - RichSellsHomes, All Rights Reserved
Rich 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
You have to look at the bright site of all this. You inventory is declining. Supply and demand plays an important role in the real estate market.