Market Update for Glen Burnie, Anne Arundel County, Maryland for the Week Ending November 15, 2008

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

The market remains fairly stable with some increases in sales with the drops in interest rates, and a few more buyers searching for their first or next home.  I'm surprised I'm not seeing more individuals making the decision to buy with so many great deals available.  The weather has started to cool down with moderate days and cool nights and people are thinking about the end of summer and back to school and I think this may be having some cooling effect on the number of home buyers looking for new homes.  The number of new listings has increased slightly and the number of homes going under contract has also increased.  The numbers show a slowing in the market over all compared to this time last year.    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       25 (increase 4 from last week)          

Under Contract    12 (increase 5 over last week)

Settled Sales      7 (increase 2 from last week)

Anne Arundel County

New Listings        161 (decrease 9 from last week)         

Under Contract     75 (increase of 7 over last week)

Settled Sales        52 (increase of 18 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, as well as being commutable to DC whether you ride the MARC from Odenton or drive.

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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