Agents cautiously optimistic about market in 2011
The county housing market started 2011 in promising fashion after spending much of the previous year in a lull, according to a new economic report.
County home sales rose 29.6 percent in January over the same month a year earlier, rising from 233 in 2010 to 302 last month, according to numbers released this week by the Metropolitan Regional Information Systems listing service.
Area real estate watchers said that number, combined with a similar rise in sales waiting for settlement , might indicate a revival in a dreary sector of the local economy.
"The increase is a positive sign that the housing market is improving," said Bob McWilliams, an agent at Champion Realty in Annapolis. "Generally everything is improving - consumer confidence, interest rates are starting to move up a little."
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County home sales rose 29.6 percent in January over the same month a year earlier, rising from 233 in 2010 to 302 last month, according to numbers released this week by the Metropolitan Regional Information Systems listing service.
Area real estate watchers said that number, combined with a similar rise in sales waiting for settlement , might indicate a revival in a dreary sector of the local economy.
"The increase is a positive sign that the housing market is improving," said Bob McWilliams, an agent at Champion Realty in Annapolis. "Generally everything is improving - consumer confidence, interest rates are starting to move up a little."
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