Market Report, Home Price ODENTON, MD November 2012
Real Estate market data for ODENTON provided by Team Caropreso.
Below are summary of ODENTON Real Estate Market Report November 2012:
November 2012 vs. October 2012:
- Sold dollar value decreased in Nov.'12 from $11.1M to $9.5M compare to Oct.'12 (- %17)
- Average Sold price increased in Nov.'12 from $269k to $279k compare to Oct.'12 (+ % 4)
- Total unit Sold decreased in Nov.'12 from 36 to 34 compare to Oct.'12 (- % 6)
- Average DOM(Day on Market) increased in Nov.'12 from 34 to 109 compare to Oct.'12 (+ %220)
- Average Sold/List Price ratio decreased in Nov.'12 from %97.5 to %95.9 compare to Oct.'12 (- % 2)
- Total active Listing decreased in Nov.'12 from 104 to 89 compare to Oct.'12 (- %14)
November 2012 vs. November 2011:
- Sold dollar value increased in Nov.'12 from $5.77M to $9.49M compare to Nov.'11 (+ %64)
- Average Sold price decreased in Nov.'12 from $288k to $279k compare to Nov.'11 (- % 3)
- Total unit Sold increased in Nov.'12 from 20 to 34 compare to Nov.'11 (+ %70)
- Average DOM(Day on Market) increased in Nov.'12 from 80 to 109 compare to Nov.'11 (+ %36)
- Average Sold/List Price ratio increased in Nov.'12 from %91.7 to %95.9 compare to Nov.'11 (+ % 5)
- Total active Listing decreased in Nov.'12 from 135 to 89 compare to Nov.'11 (- %34)
%38 of unit sold in less than 30 days(Total of 13)
%65 of unit sold in less than 60 days(Total of 22)
%76 of unit sold in less than 90 days(Total of 26)
Summary:
Average Sold price and Unit Sold is without any huge change, Day on market is up, Total active listing is Down. So basically It's the best time to Sell your home and Buy one! That's right, because interest rate is a powerful factor when you want to buy a home, and now you can be qualify for rate under %3. Do you know how much interest you are going to save? A Lot.
Call us at Team Caropreso for No Obligation Buyer Consultation. (443)795-8632
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