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Annapolis Real Estate Market Picks Up

Broadneck's portion of Annapolis saw a real estate surge over the past year, according to new statistics.

Annapolis area real estate has been booming this year, with ZIP codes 21409 and 21403 gaining 45 percent over last year in sales closed, according to The Capital.

Statistics released by the Real Estate Business Intelligence (REBI) for Anne Arundel County show a 27 percent increase in home sales and a 15 percent increase in the average sold price since June 2011.

The summer is a busy time for Realtors, but The Capital reports that this summer in particular has been big for area home buyers, with home sales trumping projections.

A graph showing the local market's performance over the past two years shows a valley for 2011, but peaks in 2010 and 2012, indicating that the real estate market is on course for a resurgence in Anne Arundel County.

Reports from the REBI are available at their website.

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