The Crofton, MD real estate market pulled back a little in June, 2013 over the same period last year. The actual year over year statistics were up 9%, but that was offset by a reduction of almost the same amount in month over month statistics. Continued low inventory, and increases in interest rates are likely the major contributing factors.
Looking at the chart below, you can see how closely sales tracks with active listings.
The median sold price pulled back somewhat as well during June, 2013, and currently sits at $310,000. This figure is easily affected by the number of units sold in each price range.
You can see how robust the real estate market is in Crofton, MD when you look at the days on market for listing. 20 days is extremely low, and buyers need to be agressive in making offers on new listings.
Overall, the Crofton, MD real estate market remains strong moving into the second half of 2013.
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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