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Bowie Home Sales Up in July

July home sales in the 20715 zip code of Bowie hit a new high for 2012. That’s only one fewer than closed sales during July 2011, the best July since 2007 for home sales in this zip code.

Bowie Home Sales Jan-July 2012

Other numbers for home sellers and buyers to watch:

Sold Price:  Prices for closed sales are holding steady from last year at $234,950 median sold price (+3.27%) and $232,232 average sold price (-.37%).  This includes all homes in the 20715 zip code, including foreclosures and short sales reported by MRIS. 

Days on Market:  Homes that sold in July were on the market 69 days – down almost 24% from the same month last year. That was 83% higher than June 2012, however. 

Active Listings:  The best news of the month for Bowie home sellers is this:  The inventory of homes for sale in July (57) was half the size it was a year ago (119). With fewer options, some sellers are getting top dollar for their homes and buyers are finding themselves in bidding wars for the well-priced homes in good condition. 

It’s interesting to analyze the real estate market in Bowie because there are four zipcodes and trends sometimes differ from one Bowie zip code to the next. If you’re interested in finding out what’s happening in another zipcode or in your own immediate neighborhood, please contact me.  A Market Trends Analysis is one of the reports I’ll share with you when we discuss the likely sale price of your home.

Check out the Long & Foster Market Minute for last month in Prince Georges County, Maryland.

Click on Bowie Homes for Sale to view all homes currently on the market. You can modify the search to limit the price range, type of home, and even search by address.

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