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