Home Sales & Value Up: AA County

As spring weather has arrived, so has the spring housing market and homeowners are finding good results.  An analysis of the year over year home sales for March by the Maryland Association of Realtors (MAR) shows that both home sales and home prices have risen in the first quarter of 2014 and therefore home values have increased.  Anne Arundel County home sellers in March of 2014 saw the following improvements in the housing market as compared to March 2013:

• Median sale price/values increased:  The median home price for Anne Arundel County increased 2.8% making the median price $298,000 and the average price $341,956.  The median home price being the middle value of all homes sold (1/2 are higher and 1/2 are lower) and the average home price being a weighted average of all home sales in the county.
• Homes sold increased:  The total number of Anne Arundel County homes sold in March increased.  561 homes were sold and 739 homes were still pending sales (pending sales are homes under contract but have not completed settlement.)

 If you are thinking of selling your home or just need to know the value of your home for any other reason, get your home’s value and comprehensive report in less than a minute, which includes local comparable sales at www.marylandhomevalue.net