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Crofton MD Market Statistics for November, 2013

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.

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 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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All information is deemed reliable but should be independently verified. Property information is subject to change without notice.

 

Comment balloon 5 commentsRichard Iarossi • December 29 2013 09:31AM

Comments

It has seemed like a very quiet fall.  I have wondered if our area fully shook off the government shutdown making buyers more cautious until the new year.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) almost 5 years ago

Hi Richard - Interesting stats. Let's see what kind of ups and downs 2014 brings -  I hope things will be more on the upward trend...

Posted by Andre R. Aragon, Real Estate Photographer (Greater Tampa Real Estate Photographer) almost 5 years ago

I've seen some of the same, Richard.  Though, I do think that 2014 will continue to be better, although at a slower pace.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) almost 5 years ago

Well Richard, whatever the new year brings in home sales in Crofton, you know what is happeing!  Best in 2014!

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) almost 5 years ago

Rich, We saw a similar trend but, just don't really have any inventory to SELL so, we're confident that the spring market is going to be healthy again this year - and get some inventory for our buyers!  Hopefully you'll see the spring market rebound as it typically does for your area too.

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) almost 5 years ago

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