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Crofton Home Prices Level Off in September 2010

The median sold price of Crofton homes leveled off in September ($332,500), dropping only $2,500 from August 2010, and increasing just $7,500 from the same month in 2009.  The median sold price is considered the most accurate measure of home prices, since it is the number in the middle – with an equal number of homes sold at higher and lower prices.   On the other hand, “average” price can be misleading if there are one or two extremely high or low prices.    

21114 - 9.10

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Days on Market leveled off in September (77), as well, with only a 3.75% drop from September last year (80).  However, the fall from August (89) was much greater:

21114 DOM 9-10

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The news is not positive, when it comes to Units Sold –  they were down 46% in Crofton from 2009 (39) to 2010 (21), compared to 20% county-wide.  They were down from last month (27), as well.

21114 Units Sold 9-10

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What do these numbers mean?  Well, that’s a good question. 

You can see the huge difference between Anne Arundel County real estate statistics for September 2010 and the Crofton zipcode, and it’s likely that your neighborhood will differ from other neighborhoods within this zipcode.  It really does require a hyper-local comparison for you to know where you stand, in the event you’re thinking of buying or selling a home in this market.

Please feel free to contact me for this information, and be sure to ask about a free home-seller’s tool kit.

Source of Statistics:  MRIS
Copyright 2010.  All rights reserved.

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