Well it looks like those of us who own Laurel real estate in zip code 20708 are experiencing a better than normal housing market.
| Total Sold Dollar Volume: | $ 2,506,490 | $ 2,441,989 | 2.64 % |
| Average Sold Price: | $ 313,311 | $ 348,856 | - 10.19 % |
| Median Sold Price: | $ 308,500 | $ 299,999 | 2.83 % |
| Total Units Sold: | 8 | 7 | 14.29 % |
| Average Days on Market: | 198 | 152 | 30.26 % |
| Average List Price for Solds: | $ 352,025 | $ 391,956 | - 10.19 % |
| Avg Sale Price as a percentage of Avg List Price: |
89.00 % | 89.00 % |
The above numbers show several increases in real estate activity in Laurel Maryland 20708 from February 2008 as compared to February 2009. In several catagories there has been a slight increase. Total dollar volume is up slightly at 2.64%. The median sold price has increased as well. The average sale price as a percentage of list price remained steady at 89% with last February.
When you compare these number with the overall Prince Georges County Maryland figures, these numbers are significant. For example, the median sold price in Prince Georges County was down over 24% compared to February 2007. This makes the Laurel Maryland 20708 increase very significant.
Another are that shows the strength of the 20708 housing market is the absorption rate. Thirtytwo percent of homes in Laurel Maryland 20708 are going under contract in the first thirty days. One percent higher and we have a seller's market in 20708.
For more information on Laurel Maryland, visit Maryland real estate.
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