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Prices Up Last Month in Crofton

Fortunately, there was a reversal during March of the dip in Crofton MD home prices last year.  Both the average and median sold prices for homes in the Crofton zipcode were up from the previous year and, in fact, they were higher than the month of March for the three previous years.  Take a look at this chart:

21114.10.3.Rev

Other good news last month included the drop in “average days on market” to the lowest level for the same month since 2006 – over 10% just since March 2009.

The number of homes sold and settled has been relatively stable for two years.

Looking at the numbers a little differently, the average sold price has been going up each month since December while, during the same period, the median sold price has been on a roller coaster… up and down.

21114.10.3.GRAPH

If you’d like to see what’s happening in your neighborhood, you can request a free Market Snapshot… or give me a call, and I’ll be happy to talk to you about the real estate market in your immediate area.

Crofton real estate is holding its own in this market, and that’s good news for all of us who own property here.

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