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Homes Sales Down 50%

Queen Anne's County home sales are down almost fifty percent, okay exactly 46.67% for the month of March 2008 compared to last March 2007. Yikes.....or hmmm?

Although, I sent out an email with the Queen Anne's County home sales for the month of March 2008, what I forgot to state is that was for All sales, not just for residential sales. So, if the number looked pretty good, you now may be disappointed. Here's what the MRIS stats show:
Click on the image below to enlarge.

Since, foreclosures and auctions are on the rise, you may want to take a peek at the only real estate website listing real estate auctions in a multiple listing style format.
This service by the National Auctioneers Association allows you to search by categories for many types of real estate set to be auctioned soon. Eventually, it will include land auctions. For now, click on the See upcoming Auctions link and it takes you to a map. Click on Maryland.

Posted by Camille O'Donnell on 04/10/2008 10:14 AM

Comments (2)

This post has been included in Maryland Information

2 Comments on Homes Sales Down 50%

APR

2008

Wow, that is some huge numbers. Amazingly the sales price to list went up, but the average list price went down 36%! Is this mostly due to foreclosures or higher priced homes deciding not to come on the market?

I think it is some of both. And we have been trying to educate our sellers on how to list their homes. If they price to sell according to the market- they will sell. So alot of the overpriced homes in this market were reduced. We still have alot of higher priced homes that are just languishing on the market either because they are not serious sellers or have dug their heels in and ignore the facts!

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What does the graphic say?