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Crofton Home Inventory Down in September

The number of homes for sale in Crofton was down in September – only slightly from the previous month, but substantially from the previous year.

As I skim the real estate market report for last month in Crofton, Maryland, I find other good news to report:  The number of new listings is down and the number of new contracts remains even. 

Some of the other statistics for September are disappointing, but there seems to be a lot of activity in my office at Long & Foster in Crofton. Activity is usually a pre-cursor to more sales, so I’m feeling optimistic about the remainder of 2011.

Here is a chart of the real estate statistics reported by our regional multiple listing service over a five-year span.  (Click on the chart to enlarge it.)

Crofton Real Estate Market

This is a snapshot of the entire zipcode, and I can provide you with a breakdown of detached homes and townhomes, upon request.  It’s also a good idea to look at individual neighborhoods before you draw any conclusions regarding your own property.  Remember, the average and median sold prices are based on the homes sold in one 30–day period and they do not indicate a drop in the value of any one home. 

As always, location and property condition are key components in home value.  The best thing you can do to protect your home value is to maintain and update it.

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