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