Odenton, MD, sitting at the entrance to Ft. Meade, has been bucking the real estate trend by showing a +22% increase in sales October 2011 over October 2010. Sales stats for 2011 have been generally positive as well.
Sellers and agents love it when sales go up, and the median sold price at the same time. What is inexplicable is that the Average Days on Market is going up as well. This is especially true since new listings haven’t increased to any great degree. One of those data anomaly's that can’t be explained without a very detailed analysis.
And while we’re still on the inexplicable, the Average Sold to Original List Price Ratio has shrunk down to 91%. Either buyers are negotiating great deals, or sellers are still having difficulty pricing correctly.
An advantage to working in the Odenton, MD market is the amount of new construction that is being sold. Buyers love to purchase new homes, and Odenton has a great selection to choose from, compared to most other communities in the County.
If you’re looking to purchase a home in Odenton, MD, or the surrounding area...call Rich at 443-995-9595.
Sellers and agents love it when sales go up, and the median sold price at the same time. What is inexplicable is that the Average Days on Market is going up as well. This is especially true since new listings haven’t increased to any great degree. One of those data anomaly's that can’t be explained without a very detailed analysis.
And while we’re still on the inexplicable, the Average Sold to Original List Price Ratio has shrunk down to 91%. Either buyers are negotiating great deals, or sellers are still having difficulty pricing correctly.
An advantage to working in the Odenton, MD market is the amount of new construction that is being sold. Buyers love to purchase new homes, and Odenton has a great selection to choose from, compared to most other communities in the County.
If you’re looking to purchase a home in Odenton, MD, or the surrounding area...call Rich at 443-995-9595.
Rich 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).
SKYPE ME: RichSellsHomes
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All information is deemed reliable but should be independently verified. Property information is subject to change without notice.
Great market data.
I am working on mine for tomorrow if I can figure out the graphs and charts part of these.
I love to show positive news and our market has it.