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County home sales fall 29 percent

Capital Gazette Communications
Published 06/12/08

The number of county homes sold in May dropped 29 percent compared to a year ago, marking the fifth straight month of double-digit drops.

Colleen Dugan - The Capital Amy Juras, a Realtor with Champion Realty's Bestgate Road office, works in finalizing a contract for a homebuyer.
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A recent report from Metropolitan Regional Information Systems Inc. shows that 407 county homes sold in May, down from 576 units in May 2007. Home sales fell by 30 percent or more in April, March, February and January.

While sales continue to slow and gas costs rise, home prices held relatively steady across Anne Arundel County. They also remain higher than other parts of Maryland.

In May, the median sale price for a county home stood at $343,000, a less than 1 percent decrease from...

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