In June the total value of homes sold by Realtors in Clarksburg was $6,665,275, which is a 33.07 percent increase over the $5,008,800 sold in June of last year. 

The total number of homes sold (17) was more than double the 8 sold in June 2007. 

That's the good news.

But...  Homes at the lower end of the price spectrum are the ones selling, causing the median and average price of homes to drop in all the statistical reports we're seeing.  That's not a shocker, considering the economic news we've been hearing lately. 

Home buyers are being cautious about over-committing to high mortgages, so we've seen well-qualified buyers shopping far below the maximum amount they could borrow.  Hence, the trend in Clarksburg and many other communities.

Ibi Sofillas, Broker

MyRealtyTeam Real Estate

www.ClarksburgLovelyHomes.com

 

2 Comments on Clarksburg Real Estate News

JUL
11
2008

Ibi-I enjoy reading your community update blogs since I leave in Montgomery county. It is not surprising that homes at the lower end of the spectrum are selling because of the tightened credit guidelines especially with larger loan amounts. Glad you are back!
8:49am • #1
950,677 Points 93 Featured Posts Outside Blog Called Shot Master

The statistics are good, but looking at the numbers closley different stories are being told.
9:33am • #2

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Ibi Sofillas

Clarksburg, MD

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MyRealtyTeam Real Estate, LLC

Office Phone: (301) 972-5031

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A hometown guide to Clarksburg, Maryland



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