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Anne Arundel Update – One more quarter to go and already almost 7000 sales!

Area homes have been selling at a record pace, and numbers just released to The Murray Home Team confirm that 2016 is likely going to be the best year since 04/05, the height of the housing market bubble. Almost 7000 homes have already changed hands in 2016 in Anne Arundel County and thats just counting up to the end of September. According to a recent report from MRIS.com, the local Realtors multiple list service, Anne Arundel has closed more in 2016 YTD than each of the years from 2007-2014...and there are still 3 more months of reported closings before the year is finished. These 2016 numbers are already 850 closings ahead of the same nine months of 2015, and only 1150 away from last years total of 8100 - which is the highest sales since the peak of the housing boom of 2004 and 2005. The median sales price YTD is $314,900 which is a 1.78% increase from the same time in 2015, the average days on market is down 10.5% and OVER 1700 homes have sold in less than 10 days! How are things shaping up in your neck of the woods? We have detailed reports available for just ...
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Nationwide Equity Increases…though Maryland lags behind others.

Nationwide we have seen an increase in homeowners' equity to the point where 3/4 of homes with mortgages have at least 20% equity, according to this article by Keeping Current Matters. The article suggests continued appreciation of approximately 5% nationwide over the next year, based on data from CoreLogic, a well known real estate data analyst. Here's the article - http://www.keepingcurrentmatters.com/2016/09/20/76-of-us-homeowners-now-have-at-least-20-equity-in-their-homes/?utm_campaign=Blog_Promo&utm_medium=Social&utm_source=Facebook&utm_content=dailyblogpost This graphic included in the article shows Maryland, Delaware and Virginia are all still under 70%...so we still have a long way to go! ...
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The Murray Home Team – Realtors affiliated with Coldwell Banker Residential Brokerage on Jennifer Road in Annapolis.

With over 40 years of combined experience in residential real estate, title and mortgage services, The Murray Home Team is now dedicated to helping clients navigate their way through the turbulent waters of the current housing market – particularly in Anne Arundel County Maryland.  With over 20 million in sales in recent years, The Murray Home Team looks to lead the industry in service provided, honesty and professionalism.

As lifelong Severna Park and Annapolis area residents, we proudly serve all of Anne Arundel County and surrounding areas.  We have experience in buying and listing homes in Severna Park, Arnold, Annapolis, Davidsonville, Riva, Edgewater, Lothian, Southern Maryland, Crownsville, Fort Meade, Gambrills, Odenton, Severn, Pasadena, Glen Burnie, Brooklyn, Linthicum, Ferndale, Crofton and all of South County.

For information on any aspect of residential real estate, call the Murray Home Team today!

We Can Help You. Call Us (240) 508-7246

We Look Forward to Speaking with You!