Market Update: Anne Arundel County: July 2007 VS July 2006

Posted by Jeff Stanyard at 8/28/2007 9:47 PM and is filed under Sales Statistics
Anne Arundel County:  July 2007 VS July 2006

  • Sales prices fell from a year ago by .80% from an average of $432,290 to $428,848. 
  • Sellers are being negotiated 7.75% off of their original list price versus 6.4% one year ago and homes are staying on the market longer. 
  • In 2006 the average home was on the market for 64 days. In July of 2007 the average home is on the market for 92 days.  That’s a 43.75% increase. 
  • 1131 new listings came to the market and 612 where put under contract. 
These numbers show there is a large supply of homes on the market and it is getting bigger every month.

If you would like a more detailed valuation of your home, contact us today.

 del.icio.us  Stumbleupon  Technorati  Digg 

 

What did you think of this article?




Trackbacks
Trackback specific URL for this entry
  • No trackbacks exist for this entry.
Comments
Display comments as (Linear | Threaded)

Leave a comment

 Enter the above security code (required)

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.