There are some interesting developments when you compare home sales in Laurel Md from last October 2008 with October 2009.

Both the average sold price and the median sold price for Laurel real estate increased this October over last October.   The average sold price increase $20,000.  This is significant when you think that for the rest of the year these two numbers have been declining.

Despite this price increase, homes in Laurel Maryland have sold at a quicker pace.   Last October it took about four months to sell a home in Laurel.  This past October it took just over two months to sell a home.

So despite the price increase, Laurel real estate is selling more homes at a faster pace.

One reason for this development may be the uncertain status of the tax credit from the federal government.   Buyers and sellers did not know if the tax credit would be extended or not.  This uncertainty may have created a rush of home sales in all Maryland real estate.

Also the average sold price $270,000 is a great starting point for many first time home buyers.

For more information on Laurel Maryland and other Maryland communities, visit Maryland real estate.