July 13th, 2013 Categories: Market Updates
Home buyers and sellers in Crofton MD can both find some satisfaction in the June 2013 real estate statistics for Crofton, MD (21114).
While sellers can celebrate that sales are strong, prices are holding, and days on market remain below 30 days, buyers saw the apparent trend towards a seller’s market slowing a bit.
UNITS SOLD in this zipcode last month (31) were down slightly from May (35), but still the 2nd highest since August 2012.
DAYS ON MARKET were up slightly (21) from May (18) but the second lowest month since September 2005. Now, that’s good news for all!
AVERAGE SOLD PRICE was up ($354,036) in June, compared to May ($342,731), but down from June of last year. (Average sale price is determined by dividing the total sales volume by the number of units sold.)
MEDIAN SOLD PRICE was down ($310,000) from last month ($327,900) and last year ($339,000). (Median is the mathematical result indicating that one half of the group is higher and one half is lower.)
If you’ve followed my blog for any length of time, you know that I look for BALANCE in the Crofton real estate market as an excellent predictor for the future. I am happy to report that we had 54 new listings in Crofton during June and 53 new contracts. You can’t get much more balanced than that! After many many months, in fact years, of new listings greatly outnumbering sales, the market has finally leveled off. As long as these two numbers remain on balance, we won’t see the extremes of the pre-2007 bubble or the bust of recent years. Fingers crossed!
If you’d like to know more about the Crofton real estate market, please contact me today. I can send you a full report on the local area or a very detailed report that zeroes in on your neighborhood or type of home. Just click on the “Contact” tab at the top of this page.
Copyright 2013. Margaret Woda. All rights reserved.
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FocusonCrofton.com is my way of attracting relocating homebuyers to the greater Crofton area while keeping current residents updated about local real estate, news, and events. Please click on Contact Margaret Woda if you would like to see information about your community organization or local event posted on FocusonCrofton.com or our Facebook page.
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