Some interesting numbers for home sales in West Laurel Maryland.
From June 2007 to December of 2007 the average home price in West Laurel MD was approximately $412,000. This past June 2008 to December 2008 that average price dropped over 18 percent to $335,000.
These numbers are a clear indication that distress sales are affecting home values in West Laurel Maryland. In the past, foreclosures and short sales were the exception and not used in assessing property values. Now, however, foreclosures and shorts sales are a large part of the market. Not only in West Laurel, but everywhere.
For more information about Maryland real estate, visit Maryland home sales.
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