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Davidsonville Real Estate Update – May 2011

Margaret’s Monday Morning Real Estate Update
Davidonsville, Maryland –  May 2011

May wasn’t quite as good as April for home sellers in Davidsonville, but we shouldn’t complain because sellers and buyers can both find something in this chart to make them smile!

Davidsonville Real Estate

Home Sellers:  The best news we’re seeing on this chart of real estate activity for May 2011 in Davidsonville, Maryland, is the “Average Days on Market.”  No matter how you look at it – comparing it with last month (April 2011) or last year (May 2010) – the number is down.  That’s certainly reason for homeowners to celebrate.

It’s disappointing that both the average and median sold prices are down, and the number of closed sales is down.  But we have to celebrate that homes sold last month went at full price.  That’s an increase over last month and last year in Davidsonville, and probably higher than any zipcode within 50 miles.

Home Buyers:  The good news for you is the average and median sold prices – both were down in May ver last month and last year.  This is a reversal from what we saw in the April 2011 statistics, when prices went up.  Maybe there’s still hope for you to get a home in Davidsonville… The interest rates are still low, and there are many lovely homes on the market for you to check out this weekend.

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