New Downward Trend in Home Prices for Annapolis Real Estate Market

With home sales in the Annapolis market already below average, in this week's report they dropped 10.6% to 42 homes sold over the last 30 days. Meanwhile, close-by Severna Park reported 35 homes sales, the highest number from all the surrounding cities. Prices fell lower as this week's reported median sales price of $358,500 continued a four-week downward trend.

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Demographic facts about Annapolis:

  • 44.6% of the people living here rent their homes.
  • The 10-year growth projection for this area is 36.8%.
  • There are 276 students for every librarian. (803 = national average)

Data reported through 1/12/2017

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