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Odenton MD Real Estate Market Statistics - February 2010

By Richard Iarossi

Real Estate Agent with Coldwell Banker Residential Brokerage 531132

March 14, 2010 01:14 PM

Odenton MD Market Statistics - February 2010

Compared to 2009, February 2010 Odenton MD real estate home sales showed pretty nice increases across the board.

Sales volume and units sold increased +72% and +84% respectively. The base for home sales is low, making it difficult to determine an accurate market assessment based on units and volume alone. Despite this, the increase year over year was substantial. Winter months are always difficult to project because of severe weather fluctuations and relatively low number of home sales. This year we experienced two major snow storms which affected real estate across Anne Arundel County.

Several other indicators can help to see what's going on in the Odenton, MD real estate market. The average days on market decreased -38% year over year. This is a pretty strong indicator that the market is moving towards a sellers market. The average list price for homes sold also decreased -6.55%.

Another significant data point is the Average Sale Price as a % of Average List Price. Higher percentages favor sellers. This is one area that Odenton MD showed an increase. Homes are selling much closer to list price than they did just one year ago at this time. Odenton MD home sellers have to be happy about that development.

Most agents I talk to do see the Odenton MD market getting better in the near future. Odenton should see a net gain in home sales once the BRAC transferees begin moving into the area later this year.

February	2009	2010	% Change
Sold Dollar Volume	$3,919,440	$6,762,000	+72.52%
Average Sold Price	$301,495	$281,750	-6.55%
Median Sold Price	$280,000	$271,500	-3.04%
Total Units Sold	13	24	+84.62%
Average Days on Market	138	85	-38.41%
Average List Price for Solds	$326,580	$300,945	-7.85%
Average Sale as a % of Average List Price:	92.32%	93.62%