Celebrating Success: Winning the Real Trends America's Best Award for 2022

We are thrilled to announce that once again Jennifer Chino has been recognized as one of America's Best Real Estate Professionals by Real Trends for the year 2022. This prestigious award is a testament to our unwavering commitment to excellence in the real estate industry and our dedication to serving our clients.

Recognizing the Best Annapolis Realtors

Real Trends, in partnership with Tom Ferry International, has been identifying the top agents and teams in the country for the past 18 years. Their ranking survey, which requires verification, is the only one of its kind, making it a highly respected benchmark in the industry. Being named among the top 1.5% of agents and teams in the United States is an honor that we do not take lightly.

Our success is not ours alone. We owe a tremendous debt of gratitude to our wonderful clients. Their trust and support have been instrumental in our journey and we are privileged to have helped them buy and sell their homes. To those we have worked with, we say a heartfelt thank you.

We would also like to take this opportunity to express our appreciation for our exceptional real estate team. Their hard work, dedication, and professionalism are the backbone of our achievements. Each member brings unique skills and perspectives that enrich our collective expertise. Their commitment to delivering exceptional service is what sets us apart.

2022 Maryland Market Summary

The real estate market is dynamic and exciting. We are enthusiastic about the opportunities it presents and the challenges it poses. Our team is constantly learning, adapting, and innovating to stay ahead of the curve and provide our clients with the best possible service.

Maryland started 2022 with a total of 3,325 single-family homes on the market, with a median home price of $399,900 and an average PPSF (price per square foot) of $238. By the end of the year, inventory had increased to 4,589 homes on the market (+38%), with a median home price of $449,900 (+12%) and an average price per square foot of $237 (+0%).

At the start of 2022, the median days on the market (DOM) was 56 days – by the end of the year, the median DOM had increased to 63 days.

January 2022 saw Maryland homes taking a 27% price cut. To put this into perspective, 35% is the national average for price reductions during a "normal" real estate year. By December 2022, about 38% of Maryland homes for sale had taken a price cut.

Altos’ proprietary Market Action Index (MAI) shows that Maryland started 2022 as a strong seller’s market, with an MAI score of 54; by the end of the year, the MAI had dropped to 40 – a slight seller’s advantage.

As we celebrate this achievement, we are also looking forward to the future. We are committed to maintaining the corporate values that have brought us this far. We are so excited to grow and improve with the same dedication and passion that has earned us this recognition.

To all of our clients and team members, this award is a reflection of your trust in us and our collective efforts. Here's to many more years of success and excellence in the real estate industry.