This is a brief summary of the current market conditions in Annapolis, MD and is a compilation for all zip codes. For more detailed information contact Rich Iarossi at 443-995-9595.
Closed sales so far this year are pretty weak. That is not a reflection of the market, rather it’s a reflection of the lack of inventory available to be sold. This has been an ongoing challenge for the past year and a half.
Median days on the market dropped dramatically in February 2022. If buyers are not ready to go as soon as a home hits the market, you will be at a terrible disadvantage. Six days on the market indicates a huge sellers advantage.
Median sale to original list price ratio is again, a strong reflection on the strength of the sellers market. For all of 2021, and now again in 2022, seller’s are getting their price.