November 18th, 2009 Categories: Market Updates
The first-time homebuyer credit had no direct impact on real estate sales during October in Davidsonville, Maryland, since prices in this zipcode typically exceed the first-time buyer price range. Yet activity did increase last month over October of 2007 and 2008.
Other good news for Davidsonville home owners is that both the average and median prices increased over the same month last year and the days on market were nearly down to 2006 numbers.
Unfortunately, the percentage of sold price to list price is still under 90% – although it went up 2% from the same month last year.
As you can see from this chart, the volume of real estate sales in Davidsonville is very low, so it’s easy for statistics to take a dramatic swing up or down if just one sold property is extremely high or low.
For that reason, if asked to make a pricing recommendation to you today, I would expand my search to include both comparables and real estate trends in other Anne Arundel County communities with homes in similar neighborhoods priced in the same range. Other pricing considerations would include location, features and condition of your property.
If you’re thinking of selling or buying a home in Davidsonville, Maryland, or if you’re simply curious about the real estate market, please feel free to contact me for more information or click on the links below: