|
Top Stories
Capital Gazette Communications
Published
11/15/09
The number of homes sold in the county last month shot up 44 percent from that period a year ago, an increase fueled by dropping prices and the federal government's $8,000, first-time homebuyer tax credit. Find Us On Facebook
Homebuyers snapped up 502 homes in the county last month, up from 348 in October 2008, according to the latest report from Metropolitan Regional Information Systems Inc. These figures also include homes sold in Annapolis. Meanwhile, the median sale price for area homes sold last month was $285,000, a 10.9 percent drop from that month a year ago. The median is the midpoint at which all homes are sold. The...
Copyright © Capital Gazette Communications LLC, 2012.
See our Privacy Policy and Terms of Use |
| #1 - Animal Control: Injured pit bull used as 'bait dog' (12 comments) |
| #2 - English county's official language? (11 comments) |
| #3 - Right Stuff: Judge O'Malley's decision (10 comments) |
| #4 - Anne Arundel cracks down on land use offenses (7 comments) |
| #5 - Bates gets $1M grant for gym, theater (7 comments) |
|
If you encounter other problems, please email nlundskow@capitalgazette.com and include your name, username, and any errors or messages that are displayed. The more information you can provide, the better able we will be to assist you.
In order to post or vote on a comment, you must be signed in with a hometownannapolis account.
Take a look at a summary of Commenting Guidelines.
Report Abuse or Vote In order to allow the user community the ability to collectively rank the value of comments posted on the Capital Gazette websites we have implemented a thumbs-up/down system. All logged-in users may participate by voting up/down each comment. If others vote on your comment, your individual score will go up/down depending on the votes. Initially, everyone starts with a score of zero, and must earn credits to have significant voting weight. Individuals with higher scores will have more voting weight. 0
0
Median Sale Price - 2009-11-15 19:54:21
Wouldn't the mean sale price be more relevant? Mean is the average, while median is (as accurately reported) merely 'the midpoint at which all homes are sold.' Five houses sold for $2.5M, $2.5M, $285K, $250K reflect a median of $285K, but a much more meaningful mean of $1.31 million.
unhide Comment hidden due to low ranking. Why is this comment hidden?
Tina Chite - Churchton, MD - Karma: Excellent
Report Abuse or Vote In order to allow the user community the ability to collectively rank the value of comments posted on the Capital Gazette websites we have implemented a thumbs-up/down system. All logged-in users may participate by voting up/down each comment. If others vote on your comment, your individual score will go up/down depending on the votes. Initially, everyone starts with a score of zero, and must earn credits to have significant voting weight. Individuals with higher scores will have more voting weight. 0
0
FAIL - 2009-11-15 11:16:30
"The combination of falling prices and rising sales means people are out and buying. It also means that the local home market is normalizing after years of skyrocketing sales and values."
Rising sales means people are buying.
Falling prices means something else.
How can you consider the market 'normalized' if it is only propped up by government tax credits?
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1_pyNFw6mbg&pos=5
unhide Comment hidden due to low ranking. Why is this comment hidden?
Tyler Durden - Annapolis, MD - Karma: Excellent
If you encounter other problems, please email nlundskow@capitalgazette.com and include your name, username, and any errors or messages that are displayed. The more information you can provide, the better able we will be to assist you.