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Davidsonville Real Estate Activity Up in January

Margaret’s Monday Morning Market Update

January 2011

2011 - January

Real Estate Activity was UP during January 2010 over January 2009 in Davidsonville MD, as evidenced by an increase in sold/settled properties and new listings, although new contracts give us some pause for concern.

Unfortunately, the average days on market were much higher measured both Year on Year and Month on Month, but higher-end homes often take longer to sell than modestly priced homes.  And I think most home sellers would happily wait a little longer if it meant the percentage of average sold price to average list price would increase by almost 2%.

What do all these numbers mean to you? 

Home Sellers:  There’s good reason to be optimistic because Davidsonville real estate activity is up and prices are relatively stable.  The overall inventory is the lowest it’s been in 5 years, which is good, and both the average and median sold prices were the highest in January than they’ve been in any January over the past 4 years.

Home Buyers:  No one’s arguing that the buyer’s market is in the past, but the Davidsonville real estate market does show some signs of recovery.  It’s probably a good idea to get out there and start home-shopping now.

For information about what’s happening in your own neighborhood, contact me any time.  Remember, all real estate is local – and more than that… it’s hyper-local!

Copyright 2011.  All rights reserved.  Margaret Woda

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