Interest rates are still hovering in the low 5's or upper 4's even! The supply of homes is healthy. Buyers have their choice of homes and can negotiate a stronger offer because of the buyer's market. Last but not least, the government is giving a first time home buyer up to $8,000 to buy a home!!!!
Here are some important stats that a first time home buyer should know:
1. As of today, there are 1,279 homes for sale under $300,000, in Anne Arundel County.
2. There are 450 townhomes, duplexs, rowhouses, back to back homes and semi detached homes for sale in Anne Arundel County under $300,000.
3. There are 607 single family detached homes for sale in Anne Arundel County under $300,000.
In Annapolis, Maryland:
1. There are 50 single family detached homes for sale in Annapolis, MD under $300,000.
2. There are 66 condominiums for sale in Annapolis, MD under $300,000.
3. There are 81 townhomes, duplexs, rowhouses, back to back homes and semi detached homes for sale in Annapolis, MD.
As of this writing, the average sales price for homes sold in Anne Arundel County from January 1, 2009 through September 30, 2009 is $354,851 with an average days on the market of 102. There have been 3,513 closed sales.
The average sales price for homes sold in Annapolis $448,536 with an average days on the market at 154. There have been 645 sales YTD.
The average sales price for homes sold in Annapolis with a 21409 zip code is $427,492 with average days on the market of 141.
The average sales price for homes sold in Annapolis with a 21401 zip code is $457,000 with an average days on the market of 162. There have been 277 homes sold YTD.
The averages sales price for homes sold in Annapolis with a 21403 zip code is $445,000 with an average days on the market of 154. There have been 218 homes sold YTD.
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