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Local Real Estate Market Comparison

Anne Arundel, Howard, and Prince George’s County Real Estate

Media reports on real estate trends can be very misleading, since different parts of the country –  and even different counties, zipcodes, and neighborhoods –  can vary widely.

See for yourself, by looking at these reports for real estate sales in Anne Arundel County, Howard County, and Prince George’s County last month:

Anne Arundel 10.10

Howard - 10.10

PG - 10.10

YoY  = Compares statistics from one year to the next
MoM = Compares statistics from one month to the next

The next time someone tells you the real estate market is declining because sales or prices are down, just take it with a grain of salt.  That’s like saying the weather is beautiful in America, without taking into account that it’s actually flooding in Iowa. 

No doubt you enter your zipcode into the little search box when you go online to check the weather forecast, and you need to do no less when you’re looking at real estate statistics.  Real estate, like the weather, is LOCAL.

The statistics you find in my posts at Focus on Crofton rely on the same criteria, month after month –  i.e., units sold, based on all listings in MRIS, our regional multiple listing service.  (These copyright charts are used with permission.)

Average Sold to Average List price is based on the list price at the time the property was sold, and does not take into account any previous price reductions.  Chances are, this statistic is much more favorable than it would be if the sold price was measured against original sold price.

If you have any questions about your zipcode or community, please feel free to contact me.

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Focus on Crofton is my way of attracting new home buyers to the greater Crofton area, while keeping current residents informed.  For more information about real estate in Maryland , please contact Margaret Woda at Long & Foster Real Estate, Inc. or simply click on a button below for information you can review online at your own pace:

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