December is the most recent month for which MRIS sales statistics are available for the Annapolis, MD real estate market, comparing 2006 to December 2005:
- Total Sold Dollar Volume is DOWN 22.39% to $28,934,980
- Average Sold price is UP 15.59% to $615,638
- Median Sold Price is DOWN 5.11% to $390,000
- Total Units Sold is DOWN 32.86% to 47
- Average Days on Market UP 130.91% to 127
- Average List Price for Sold UP 22.82% to $684,140
Properties
In December there were 39 new listings and 38 that received contracts (contingent and non-contingent). In the final analysis, I think this is one of the most important factors to consider: The inventory did not grow markedly – i.e., properties listed and sold at about the same pace.
It is interesting to note that buyers for 39 of the 47 sold properties used Conventional financing. Only 11 of the 47 sold properties were listed for less than 30 days before the sale, and 15 properties were listed for more than 120 days before the sale.
Please note that MRIS statistics do not currently take into account the “original” list price of properties, only the list price at the time of sale. MRIS is currently working towards release of an update that will track both “original price” and “list price at time of sale”. Since I am on the MRIS Subscriber’s Advisory Council, you may hear it from me first when this is available. Keep watching this blog for January sales figures and year-end sales figures when they are released.
If you would like market statistics for another zipcode in the area served by MRIS, please just ask.
Feedback or more information:
- Website: www.MargaretWoda.com
- Email: mwoda@remax.net
Annapolis Sales Statistics
Source: Margaret Woda and MRIS
1 comment:
'Glad to see you post the Annapolis data because I assumed it was the same as Crofton - not quite! Please post this monthly, if you can.
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