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Mid-Atlantic Housing Market showed signs of moderate recovery in the first quarter of 2010. The report presented several market indicators that have improved over previous quarters and years in the Maryland region. These indicators include:
An increase in Sales volume by more than 9 percent in the first quarter of 2010 over the same time a year ago.
Sales prices posting gains in each of the first three months of the year, with prices in March 2010 increasing 3.3 percent over March 2009, and expected to continue gaining traction throughout 2010.
An average of 71 days on market , a decline from an average of 110 days one year earlier, and the lowest time on market since 2006.
The metro area containing 5.7 months worth of inventory, which is below the normal, healthy ratio of inventory to sales of 6 months, signaling that demand is beginning to outpace supply.
Fletcher C. Bauman, Residential and Commercial Real Estate Investment Executive with offices at Champion Realty, Inc. Annapolis Md., provides Residential and Commercial Property Acquisitions for Individuals, Families, Investors, and those seeking Estate & Property Management on both shores of the Chesapeake Bay. Fletcher is committed to providing his clients the excellence they expect, and more importantly the excellence they deserve.
In the rapidly changing real estate environment, Fletcher's clients require to be updated on the latest changes in the local/national economic landscape, laws and regulations that will maximize their position in the purchase and sale of their select properties and investments.
As a local resident of both shores of the Chesapeake Bay, Fletcher provides you with Direct and Confidential Regional Residential and Commercial Real Estate Analysis that is unheralded.
Call 410-263-2000 or e-mail FletcherBauman@ChampionRealty.com for your confidential Real Property Analysis for purchase, sale, or investment.
Member, National Association of REALTORS®
Member, Maryland Association of REALTORS®
Member, Anne Arundel County Association of REALTORS®