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Crofton Real Estate Prices Level in October

Crofton MD Real Estate –  October 2010

Sidewalk autumn - verticalWe can breathe a sigh of relief here in Crofton MD, as we look at home prices for last month.

The median sold price in October 2010 was down only slightly (3.43%) from last year, but the average sold price was up for the same period (2.66%), according to sales statistics released by MRIS.  This report takes into account all properties listed with MRIS, but does not include properties sold directly “by owner.”

Units sold remained level in October when compared to the previous month, 22 vs. 21 in September 2010. Measured against October 2009, however, the figure for units sold in Crofton is down (18.52%).  

Average days on market saw the greatest difference, year on year, up 32.53% from 83 days in October 2009 to 110 in the same month this year.

What does all this mean to Crofton home owners and prospective buyers?  Our real estate market is holding its own, although sales statistics in this zipcode were not quite as favorable for October 2010 as they were for Anne Arundel County overall.  (Anne Arundel County Real Estate Update for October 2010)

Here is a look at these same statistics over a five year period, to help put them in perspective for you:

Crofton Real Estate 2010

Real estate sales statistics can vary significantly from one zip code to the next, and even within different areas of the same zip code.  If you’d like to get a sense of what’s happening in your own neighborhood, just click on the “contact” button at the top of this page, and I’ll be happy to answer your concerns.

Recent Real Estate Market Updates for Crofton MD:

September 2010, August 2010, July 2010June 2010May 2010April 2010, March 2010, February 2010

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