- Graph shows rates from 1972 through 2009
The real estate market in Anne Arundel County is experiencing a renewed buyer interest as a result of a convergence of changes in the market place that have created 5 compelling reasons for the consumer to buy and motivated sellers to sell.
- Inventory is down 25.5% when comparing January 2008 vs. 2009
- For the year 2008 vs. 2009 inventory is down 14.6%
- The affordability index has climbed to 152% - The affordability index measures housing affordability for the MRIS (regional multiple list) region, the higher the number the more affordable housing is.
- Last February the affordability index was 119%
- Rates are at historic lows
The news media with start to report the market upswing eventually, but since they report settlements ( from sales that happened 2 months ago) and not the new sales written it will be a couple of months before they catch up.
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Thank you for your time, if there is ever anything I can help you with, don't hesitate to ask.
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"Expect the Best" Pat Ogle
Pat Ogle, Associate Broker, CRS, DSAC, e-Pro, GRI, MCJ, REALTOR®
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