Like What You're Reading? Submit your email to be notified of new articles! Really Simple Syndication

Homes For Sale

Real Estate Info

Is Crofton Real Estate Still Improving?

After a record-breaking month of 160% growth for Crofton MD in “Units Sold” during January 2010 (13) from January 2009 (5), February offered us much more sobering statistics.  In fact, the number of “Units Sold” in February 2010 (9) was down over 30% from the same month in 2009 (13).

The average sold price was up over 8% from February last year ($316.215) to this ($343,867) – a smaller increase than we saw last month, BUT, February’s average price was higher than it was in January 2010.

The 3.8% median sold price increase from February 2009 ($313,000) to this year ($324,900) was unimpressive –  BUT the median price in February was almost $35,000 higher than it was in January 2010.

Okay… I know it’s confusing to read all these numbers in a narrative format, so I put together this chart of real estate statistics for the month of February over five years.  That will help you put this information in perspective.

Crofton 2.2010

Now let’s look at the past six months for some of these statistics:

Crofton Graphs 2.2010

The numbers may appear small on some computer screens.  If you have trouble reading them, click on “View” in the tabs above your browser bar and then click on “zoom”.  When you zoom “in” the images should appear larger.  (Firefox)

After all this, would you say that Crofton real estate is still improving?  Here’s my analysis…

Crofton MD seems to be holding its own, when it comes to the average and median sold price.  The days on market, however, have been trending “up” since December and the number of units sold in 2010 have been many fewer than the last few months of 2009.  Not consistently great news, but not bad (given the state of the real estate market in other parts of the country). 

I won’t complain.

Blog Button

Copyright © 2007 Focus On Crofton     Agent Login    IDX Login     Design by Real Estate Tomato     Powered by Tomato Blogs

Margaret Woda on Zillow
My Davidsonville Real Estate Listings