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Odenton MD Real Estate - Market Statistics for November 2011

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Real Estate Agent with Coldwell Banker Residential Brokerage 531132
Odenton, MD, one of the destination locations for people relocating into the area because of Ft. Meade, has had a see-saw year for real estate. Through October, Odenton had been doing generally better that 2011. November, however, was a different story. There was nothing you could actually point to and say, “this the cause.” It seems that Odenton was caught up in the general malaise of the market. The Ft. Meade Base Realignment and Closure didn’t generate near the number of sales that were anticipated. If you look at the pendings, you’ll see that the months of December and January look to be doing just fine.
 


The median sold price remains steady and ahead of last year. An excellent sign in a market where prices are declining in many areas.
 


Buyers looking for a decent home in Odenton shouldn’t wait too long. There has been a significant decrease in the length of time that homes are on the market.


If you’re looking for a home in Odenton, MD, or anywhere in the surrounding area...I can help. Call Rich at 443-995-9595.
 

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 Richard Iarossi is a full time licensed REALTOR®, working in Crofton, MD. My coverage areas are: Anne Arundel, Prince George’s, Howard, Calvert, Queen Anne, and Baltimore City and County. I specialize in residential real estate, working with both buyers and sellers. Use the registration free search on my website at www.RichSellsHomes.com. If you’re not already working with a REALTOR®...I can help. Call me at 443-995-9595 (Cell) or 410-451-6255 (Office).

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All information is deemed reliable but should be independently verified. Property information is subject to change without notice.

 

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