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Odenton MD Real Estate 21113 - Status for Week Ending 04/03/10

By Richard Iarossi

Real Estate Agent with Coldwell Banker Residential Brokerage 531132

April 04, 2010 03:22 PM

Odenton MD Real Estate 21113 - Status for Week Ending 04/03/10

The current Active inventory for Odenton, MD homes is 191. An increase of three from last week. 34 of these are rentals and 157 are homes or condos for sale.

As you can see from the chart below, seventeen new listings came on the market in Odenton MD last week. The Spring market certainly seems to have arrived in Odenton, MD. Two of the new listings were priced below $250,000, a nice price range for first time home buyers for Odenton, MD. The largest of the new listings was a 6 br, 4.5 bath house in the Chapel Grove section listed for $725,000.

Eight new rental listings came on the market this past week. The current rental market is very robust and competitive in Odenton, MD, as always.

Nine properties moved into or changed a form of Contract status. Three of these properties moved into full contract status. This is a future indicator of settlements to come in the near future.

Ten new home buyers completed the purchase process and went to settlement last week on their new Odenton, MD home.

If you're looking to purchase or sell a home in Odenton, MD or the surrounding area, I can help.

New ACTIVE Listings	17
New RENTAL Listings	8
Listings marked CNTG/KO	1
Listings marked CNTG/NO KO	5
Rental Application Registered	6
Listings marked CONTRACT	3
Listings marked SOLD	10
Rentals marked RENTED	7
Listings TEMP OFF MARKET	1
Listings marked EXPIRED	4
Listings marked WITHDRAWN	3

The local Multiple Listing Service (MRIS) uses the following status types to indicate a property's availability:

ACTIVE: Indicates that the property is available with no contingencies, contract or application registered against it.
CNTG/KO: (Contingent with Kick Out) - Indicates that the property is available but has a contract with at least one pending contingency that includes a kick out clause.
CNTG/NO KO: (Contingent with No Kick Out) - Indicates that the property is available but has a contract with at least one pending contingency and the pending contingencies do not contain kick out clauses.
APP REG: (Application Registered) - Indicates that the property is available but a rental application has been registered on it.
CONTRACT: - Indicates that the property has a ratified contract with no pending contingencies. If the only remaining contingency is financing the status should be contract.
SOLD: - Indicates that the property is sold and settled.
RENTED: - Indicates that the property has been rented.
TEMPORARY OFF: - Indicates that the property is not available for showing. This status is for short term use and must have seller approval.
EXPIRED: - Indicates that the listing agreement has expired.
WITHDRAWN: - Indicates that the listing agreement has been terminated prior to its original date.