Many assume that the economy is the most crucial factor impacting real estate appreciation. After all, mortgage rates, employment, job growth, government programs and some other national factors have a measurable impact on your house's value. But the most influential factors that decide your property's value depend on the local Annapolis economy and housing market.

Access to services - Many consumers want to live in districts with the most accommodating components for households to shine, such as a close proximity to jobs and schools. So those areas generally appreciate, or retain their value, best.

Real estate sales trends - How fast are homes selling? What was the final sales amount versus the asking price? A lot of data can often be retrieved from public records, but a good agent with a login to the local MLS will often be able to provide a more complete picture.

Appreciation history - Have property prices gone up or down over the last 5-10 years? Is the community considered desirable because of its location or affordability?

Local economy - Is there a fair blend of jobs in an area, or does it rely upon just one industry? Have businesses moved into or away from an area? Are local businesses hiring? Each of these factors plays a role.