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Crofton Home Sales Steady

Home sales remained relatively stable in Crofton, Maryland, between September and October.  That’s good news in a real estate market that has seen a lot of bouncing up and down over the past year. 

21114 - 11.21 SnapshotThe inventory of homes didn’t go down, however, because new SALE signs in Crofton seem to be as plentiful as autumn leaves. You can see for yourself from this graph (on the right), the number of new listings has been creeping up. On the flip side, the number of new listings (29) is down 14.71% compared to October 2010 (34).

For a comprehensive view of the market, we have to compare last month’s real estate statistics with those of the previous month (MoM) and compare it with the same month in the previous year (YoY):

Overall, I think this is a good report, since sales improved in every category over the previous month and improved over last year in the last two categories.  Not only that, but the median and sold prices dropped less than 5% from last year – not nearly as dramatic as the changes we’ve seen at times over the past 2–3 years.

If your home is currently on the market, you will probably experience a drop of showings through December due to the holiday season.  I’m optimistic about 2012, however, since there’s a lot of pent-up demand.  I believe people are tired of waiting for things to “get better” and they’re ready to take advantage of the great interest rates we have now.


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