Many are convinced that the economy is the most critical factor impacting real estate appreciation. Naturally, mortgage rates, employment, business growth, government programs and some other national factors have a definite effect on your property's worth. But the most influential issues that determine your home's value are particular to the local Annapolis economy and residential market.

Access to services - Proximity to work and schools also have a major influence on all home buyers' decisions. So these areas typically appreciate, or keep their value consistently, year to year.

The latest home sales - What's the time on market? What was the selling price compared to the listing price? Some information can often be obtained from public records, but a good agent with a login to the local MLS will often be able to provide a more complete picture.

The appreciation history - Is the area believed to be desirable because of its location or affordability? Have house prices risen or declined over the past 5 to 10 years?

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