They say a picture is worth a thousand words, and it's certainly true when you look at Davidsonville real estate statistics in the form of a graph or chart.
This shows the sold properties each month, alongside the listing inventory. It's not a very pretty picture for home sellers, is it?
As ugly as this appears, there ARE homes selling.
Just this week, closing occurred for my listing on Blandford Way in Wynnewood Subdivision. The property listed, sold and settled in LESS THAN 60 DAYS.
And, I might add, the combined sale price and closing cost subsidy were higher than I initially estimated when I listed the home in September, at 94% of full price (with no interim price reductions).
There is never much turnover in Davidsonville, but I thought you might like to see "Units Sold" and "Days on Market" in Davidsonville this year.
Other statistics for Davidsonville real estate in October that may interest you:
- Average sold price down 7.29% from 2006 to $711,687.
- Median sold price down 9.40% from 2006 to $675,000.
- Average sold price, as a percentage of list price 91.83%
One of the things I look at, when trying to predict the next few months in real estate is this: How many new listings last month compared to new sales. Well, it isn't pretty - 18 new listings, and just 4 properties went under contract, including my listing in Wynnewood.
Thinking of selling?
It's more important than ever for you to choose the right real estate agent - one who "gets" all this mumbo-jumbo and can interpret what it means to you... one who will help you price your home right so it sells and so you get a good price.
If you have any questions about this or anything related to Davidsonville real estate, I'd be happy to help.
UPDATE: The real estate data remains the same, but I am no longer associated with RE/MAX Vision. My current contact informatio is below.
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