Clarksburg, MD Real Estate Update

By
Real Estate Agent with MyRealtyTeam Real Estate, LLC

A total of $4,670,232 worth of homes sold in Clarksburg, Maryland during November, which is a 4.84% increase over the sold volume of November 2008.

The median price of the homes that sold in zip code 20871 was down 11.74% this November, compared to last November.

The big news is that the number of homes sold was up 40.00% and the average days on the market dropped by 39.02%.

The takeaway here is that homes at the lower end of the price range are continuing to sell, driven by first-time home buyers who are taking advantage of low interest rates, the $8000 tax credit, and favorable (to buyers) supply and demand conditions.

For further information on residential real estate in Clarksburg, you are welcome to log onto www.ClarksburgLovelyHomes.com

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Ibi Sofillas

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