After 6 years of a seller's market, things are looking much better for buyers finally -- people are able to take time, really make some good judgements and are able to negotiate reasonable purchases. Prices appear softer in zip 21403 than they do in 21401.

The condo market is beginning to settle down after a 10-15% reduction in selling prices over the past year and a half or so. Most of the overpriced properties have been taken off the market and the new listings reflect the current state of the buyers' market.

We haven't been as affected by oversupply as have the Washington DC and northern Virginia markets, atthough at least 2 condo-conversion communities have reverted back to rentals and one has gone bankrupt.

Click on the http://www.myCondoAnnapolis.com link below for reliable, up-to-the- minute info on the Annapolis market,.

Bill Hyland

It is booming with all the new construction going on around West Street and surronding areas. There are approximately 200 on the market right now in just about every price range (not including any For Sale by Owners). They seem to be selling as well, in the last four months 108 have sold from 200K to over 1 million. Feel free to set up a search saver on my website and we can email you the listings as they come on the market right to your inbox! http://www.TLCHomePros.com