Market Update for the Week Ending June 7, 2008

By
Real Estate Agent with Century 21 New Millenium MD RE License 579412

The market made some adjustments this week and remains stable with normal seasonal adjustments, with more buyers searching for their first or next home.  The weather has finally improved to summer heat but here in Maryland remains wet and I think this may be having some effect on the number of home buyers looking for new homes.  The number of new listings has increased and the number of homes going under contract has also increased.  The numbers boast an improvement in the housing market here in Maryland.  There is speculation though that this increase in market activity is just due to seasonal adjustments though rather than market conditions and the reduction in the federal lending rates.  It will be interesting to see how this all changes with the changes in the FHA and Jumbo loan limits and adjustments in the interest rates.  Overall, it's still a great time to buy.

These figures are taken directly from our MRIS system and are believed to be accurate.

Glen Burnie, MD

New Listings       28 (increase 11 from last week)           Total 471

Under Contract    10 (increase 4 over last week)

Settled Sales      9 (decrease of 4 from last week)

Anne Arundel County

New Listings        237 (increase of 74 from last week)          Total 4407

Under Contract    90(decrease of 10 over last week)

Settled Sales       47 (decrease of 114 over last week)

Glen Burnie offers many affordable housing opportunities for those relocating to Ft. Meade and Annapolis.  Glen Burnie is located north on 97 from rt 50 or north on Rt. 2 from Annapolis Naval Academy and east along 32 and north on 97 from Ft. Meade.  It is a relatively easy commute from either base and only a couple short miles from the Curtis Bay Coast Guard Station too.

If you are thinking of buying or selling a home give me a call today and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling.  If you are considering buying a home, there is no better time than now to buy.  The tax savings and wealth building a lone is worth the plunge into todays market.

June Piper-Brandon, Broker - Advance Realty - http://www.gb-advancerealtyusa.com/ or http://www.homesdatabase.com/junepiperbrandon

 

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If you are thinking of buying or selling an home in  Maryland give me a call at 410-292-0100 or start your search here and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone is worth the plunge into todays market.  Century 21 New Millennium is part of the largest nationwide relocation company and can assist with your move here in Maryland or anywhere in the United States or abroad.  Ask me how.

In keeping with saluting our heroes, during 2013 I am waving flat fees for active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve I will waive the flat fee at settlement. This is a $395 savings. If you are thinking about buying or selling a home give me a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-730-8888 or I can be reached directly at 410-292-0100.

June Piper-Brandon ~ Associate Broker, CDPE, CIAS, ePro 

Century 21 New Millennium - #1 Century 21 in the World 

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