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Crofton Market is Down but Not Dead

The Crofton Real Estate Market was down in July 2010 compared to 2009, but not as much as I feared it would be.

It makes sense that fewer closings would take place, given the rush to close in June so buyers could get the tax credit.  The average sold price was actually higher, however, and other statistics were “off” but not dramatically.  Take a look at this chart of real estate activity for July during each of five consecutive years. 

While days on market is higher than last year, the number is much lower than it was in 2008.  Overall, I don’t think we can look to last month’s real estate statistics for Crofton and point to conclusive trends toward improvement or demise.

Boy, that does sound a lot like double-talk, doesn’t it.  Sorry – but the bottom line is that results are mixed, and my rose-colored glasses have been misplaced.Crofton Market Study

Many thanks to my daughter-in-law, Christine Woda, for doing the research and creating this chart.

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Margaret Woda on Zillow
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