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Crofton MD Market Statistics - March 2010

Real Estate Agent with Coldwell Banker Residential Brokerage 531132

April 18, 2010 12:45 PM

The Crofton, MD real estate market did well in all categories when comparing March 2010 to the same period in 2009.

Total units sold in 2010 were 24, compared to 25 in March of 2009. This is about average for Crofton, MD, where a little over one home goes to settlement every business day. Lately, we've seen huge increases, that can only be attributed to aberrations. Most agents knew that 150% gains year over year were not normal for the Crofton, MD market.

Sales for March 2010 were $8,519,302, an increase of 11.36% from 2009. The average sold price showed a healthy increase of 16% and for March of 2010 stood at $354,971. The median sold price also had a very significant increase to $312,450, 25% higher than 2009.

In March of 2010, a Crofton, MD home for sale could expect to be on the market for 84 days, on average. This is an almost 11% decrease from last year.

Another significant indicator for real estate sales in Crofton, MD was the Average Sale as a Percentage of List Price. For March, 2010, this figure was 94.88%, indicating that homes are priced well for this market.

There are currently 154 Active homes for sale in Crofton, MD, in all price ranges, and I can show you any of them.