Anybody who thinks that real estate statistics can only go up, is going to be in for a huge surprise at some point. Crofton, MD, has had a robust real estate market for most of 2013. November, however, has shown a significant reduction in sales. By clicking on the graph, you will see that the 18 homes sold in November, 2013 was actually 38% lower sales than November 2012. The blue line indicates sold homes, and the red line indicates Active Listings.
The reduction actually started in October 2013, and continued into November. While two months doesn’t always indicate a trend, this performance in the Crofton market may be causing sellers some concern.
It’s not all bad news though. Median prices are higher than November, 2012, and are currently $351,000. Days on the market are at 56 days, and reflect a 20% drop from November of 2012.
Certainly, let’s keep an eye on the sales moving forward, but generally speaking, Crofton real estate is still doing just fine.
If you're looking to buy or sell a home in Crofton, MD, or anywhere in the surrounding area...I can help. Call Rich at 443-995-9595.
Richard Iarossi is a full time licensed REALTOR®, working in Crofton, MD. My coverage areas are: Anne Arundel, Prince George’s, Howard, Calvert, Queen Anne, and Baltimore City and County. I specialize in residential real estate, working with both buyers and sellers. Use the registration free search on my website at www.RichSellsHomes.com. If you’re not already working with a REALTOR®...I can help. Call me at 443-995-9595 (Cell) or 410-451-6255 (Office).
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