August 13th, 2012 Categories: Market Updates
The Crofton MD real estate market showed improvement in nearly every category last month, when we look at a 5–year comparison of sales statistics:
- Fewer homes for sale
- Fewer new listings
- More new contracts
- Faster sales
- Higher sold vs. list price
There’s no denying that Crofton home prices trended down from July 2008 to 2011, but we did see a turnaround in July 2012 with a 10% increase in the average price over 2011 and a 12% improvement in the median sold price in 2012 over 2011.
Based on this glowing market report, Crofton residents have good reason to feel very optimistic about the real estate market!
For more specific information – about your own neighborhood or type of home (detached or townhome) - contact me any time. No obligation, of course.