Do you want to know what Annapolis Maryland homes are selling for? Has the real estate market stabilized in Annapolis Maryland? How do listing prices compare with sold prices? How many homes have sold in the last 90 days in Annapolis Maryland? How many homes are on the market or under contract?
There are 666 Annapolis homes for sale today. The average asking price is $747,941 and they have been on the market an average of 169 days. The minimum asking price for Annapolis homes is $54,900 and a maximum asking price of $12,500,000.
The chart (below) tracks “New Pendings” for Annapolis Maryland and shows the number of contracts ratified each month and is the best indication of the direction of the market.
There are 271 Annapolis homes under contract today. The average asking price is $525,542 and they were on the market an average of 121 days. The minimum asking price for Annapolis homes under contract is $90,000 and a maximum asking price of $6,495,000.
In the last 90 days there were 315 homes sold in Annapolis Maryland. The average list price was $477,268 and they were on the market for an average of 129 days. The minimum list price for sold listings was $113,000 and a maximum list price of $5,450,000.
The average sold price for Annapolis Maryland homes sold was $451,554 for a 94.6% sold-to-list ratio off their original list price. The minimum sold price was $100,000 and a maximum sold price of $4,850,000.
With about 105 Annapolis properties selling each of the last three months, there is slightly more than a 6.3 month inventory of homes for sale. This remains a remarkable time for highly qualified buyers to consider purchasing their first home in Annapolis Maryland or an additional property. When the real estate market has less than a six month supply, it is generally considered a “seller’s market”; where there is more than six month supply of homes for sale, it is generally considered a “buyer’s market”.
The chart (below) tracks “Average Sale Price” and shows the monthly average price at which homes are selling in Annapolis Maryland.
The chart (below) tracks “Average Days On Market” and is good indication as to whether this is a “buyer’s market” or a “seller’s market”.
The chart (below) tracks “Average Sold to OLP Ratio” and shows discount at which Annapolis Maryland homes are selling for as a percentage of their original listing prices.
While all of these indicators are important, the best way to determine the value of your Annapolis Maryland home is a thorough competitive market analysis, often referred to as a CMA. If you are interested, please contact me for a no obligation market analysis of your home’s value in today’s real estate market.
Statistical data as of June 13, 2012. The charts included track one or more leading market indicators and are updated on or about the 10th of every month. The information included is believed to be accurate, but should not be relied upon without verification, is made available “As Is” and subject to revision at any time without notice. Start searching today among the Annapolis Maryland homes for sale for your perfect place to live.