| Annapolis Maryland is a hot spot for | | | | unfortunate note for some is the fact |
| real estate. In fact, it is one of the | | | | the average home price in his area is a |
| hottest areas in Maryland real estate | | | | solid $400,000 dollars making it |
| and it is no wonder. The city sits | | | | difficult for lower income or new time |
| within a short distance for the nation's | | | | buyers; however, the price of homes is |
| capital making it perfect for those that | | | | down between 5 and 10% from last year. |
| need to be near the capital. | | | | Sellers in this area of Maryland real |
| As a result, this market area of | | | | estate are receiving somewhere between |
| Maryland real estate is fiercely | | | | 95% and 100% of the asking price |
| competitive. There is a low availability | | | | initially set for the home. |
| of homes, and a larger number of buyers | | | | Single-family homes hold the greatest |
| than sellers. The market trend is | | | | activity and the increasing positive |
| increasing and home are going so fast | | | | trend in the economy is what is driving |
| they are spending no more than a month | | | | the market. |
| on the market. Part of this is because | | | | If you are looking for an area of |
| the interest rates are at all time low | | | | Maryland real estate that is near to |
| bringing this area into a more | | | | Washington D.C. and Alexandria then you |
| affordable range. The average price of a | | | | may want to consider Clinton. Housing |
| home is around $315,000, which is up | | | | prices are on average $216,000 making it |
| from last year. Because of the | | | | more affordable for first time buyers; |
| competition in this area of Maryland | | | | the trend is increasing with more buyers |
| real estate, expect to pay the full | | | | than sellers looking. This leads to |
| asking price on any property. The | | | | multiple offers and homes sitting on the |
| greatest activity can be found among all | | | | market for less than a month. Compared |
| buyer levels, first time, move up and | | | | to last year these numbers are up a |
| repeats, as well as single family, | | | | solid 5%. Sellers are receiving |
| townhouses, and condominiums. | | | | somewhere between 95 and 100% of the |
| Gaithersburg is another Maryland real | | | | initial asking price. The drive behind |
| estate market you should consider if you | | | | this market currently is the positive |
| need to be near Washington D.C as it is | | | | economy turn of the area with |
| the nearest metro area to this location. | | | | single-family homes holding the greatest |
| If you are looking for a home you may | | | | activity. |
| find better luck here than in Annapolis. | | | | These areas of Maryland real estate are |
| There is a good supply of homes | | | | perfect for anyone who wants to enjoy |
| available, but homes are maintaining | | | | being near the capital. These areas are |
| their on the market status for between | | | | also perfect for people who are going to |
| 60 and 90 days. However, the market | | | | be working in the capital or working in |
| trend is decreasing. The other | | | | the surrounding area. |