Odenton, MD continues to show strong market activity since the beginning of the year. May 2013 showed a 4.6% increase over May 2012, with a Sold Dollar volume of $10,189,705. Month over month did take a 12.13% dip in sales. As it turns out though...that was just one listing less sold in May 2013, compared to April 2013.
The Median Sold price of a listing in Odenton in May 2013 is now $270,000. This figure puts the median price at about the mid-point for the year so far. February was the high point month with a median figure of $323,000.
The Average Days on Market for an Odenton, MD listing has steadily decreased since February. It's now down to 36 days. With many listings selling in just a month, it's an indication of a strong sellers market for Odenton year to date in 2013.
The Average Sold to Original List Price Ration was 97.43% for May, 2013. Sellers are commanding almost full price for their homes. Just another indication of a strong sellers market in Odenton.
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).
SKYPE ME: RichSellsHomes