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Crofton Real Estate Market Update – August 2009

Crofton Real Estate statistics for last month are mixed, as they have often been during the past year.

All of that is good news.  On the flip side…

I rely upon these numbers to keep my crystal ball in focus: 

New listings (46) and New contracts (13)

When new listings are coming on the market at the same pace as current listings are selling, I consider that a good sign.  I consider it a REALLY great sign when that occurs for three consecutive months.  Based on the numbers for August 2009, my crystal ball says “we’re not out of the woods yet.”

For the sake of comparison, here is a graph of the average sold price for homes in Crofton, Odenton, Davidsonville and Gambrills.  Davidsonville and Gambrills numbers are very erratic because of the extremes in home prices and the small number of homes sold.

Greater Crofton ARea

For more detailed information about any community or zipcode in the Greater Crofton Area, feel free to contact me any time.  If you’re prefer the do-it-yourself approach, just click on the Market Snapshot link in the left column of this page, and you will receive an automated market snapshot of real estate activity around your home.

 

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Providing community and real estate information about the Greater Crofton Area is my way of attracting new D.C.-Baltimore area home buyers to our community while also keeping my neighbors informed and earning their real estate business.  Please click on 
Margaret Woda, Crofton REALTOR
or call/text me at 301-346-2923 for help with your next home sale or purchase in the Greater Crofton Area.

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