Looking for waterfront properties and small town charm? Annapolis, Maryland, may be just the site for you.
With fewer homes selling at this time, and the median sold price dropping nearly $10,000 from last year, now could be the time to move into this market.
Notes one local expert, "Sellers continue to adjust to the Buyer's market giving way to competitive pricing, closing assistance and incentives or concessions. The market is adjusting to years of excessive appreciation and needs time to balance itself out."
The average sold price for August was reported at $396,000, with an average of 95 days on the market. This means market time has increase 30 days over last year.
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Published: October 10, 2007
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