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Crofton MD Real Estate Update

Daffodils on white backgroundDaffodils and Sold signs just seem to go together in Crofton, Maryland.  There were nearly double the number of closings in March 2012 (27) compared to March 2011 (14). 

New contracts were down over 36% with only 14 firm contracts vs. 22 in March 2012, but activity overall was good if we consider the 18 new contingent contracts.  In fact, one home sold non-contingent overnight, and I’m happy to say it was my listing on Eton Way in Old Crofton.

Now, let’s take a look at the five year history of real estate sales in Crofton for the month of March. 

4-16-2012 7-57-33 AM

After four months of new “sold” units equaling or outnumbering new listings, the new listings were up in March.  Hopefully that was just a bump in the road, because consistent reduction in inventory will help tip the balance in favor of “normal” rather than a buyer’s market.

If you have any questions about the real estate market in your specific neighborhood or home type (detached vs. townhomes), I’d be happy to answer them.  Just click on the contact tab at the top of this page.

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