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A year in real estate

Capital Gazette Communications
Published 01/18/09

The number of homes sold in Anne Arundel County fell 27 percent last year from 2007, but sale prices held relatively steady as a recession swept the country.

J. Henson — The Capital First-time homebuyer Carissa Messimer arranges furniture in the living room of her new home in Eastport. Even as the Anne Arundel County real estate market weakened last year, Ms. Messimer said she got a great deal and bought the restored home on Chester Avenue for $465,000, down from the original asking price of $489,000.
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Metropolitan Regional Information Systems figures show that 4,459 county homes were sold in 2008 compared with 6,182 in 2007.

Meanwhile, the average median price for a home sold in the county in 2008 was $322,970, a 5.59 percent drop from the $342,108 average median price the previous year.

The year-end figures illustrate how Anne Arundel's sluggish market continued to fall after the area's skyrocketing real estate years of 2004 and 2005 even as local...

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