Washington County, MD Real Estate Market Statistics, March, 2013
There are 640 active listings of homes for sale in Washington County, Maryland. 25 (3.9%) of the available properties are lender owned foreclosures (REO). 82 (12.81%) of the listed homes are short sale pre-foreclosures. Short sale transactions require the approval of the secured mortgage lenders since the sale proceeds will not fully cover the outstanding mortgage obligations.
During March, the total sold dollar volume of residential real estate transactions in Washington County was $15,353,612, up 8.58% from the same month last year. There were 104 closed sales, up 7.22%, at a median sold price of $139,950, up 11.96%. The average sold price was $147,631, up 1.28% with an average of 106 days on the market (DOM). The average sold to original list price ratio was 89.42%.
Please contact us for current market statistics in specific neighborhoods of interest. Prospective purchasers that plan to use mortgage financing should obtain a pre-approval letter from their mortgage lender as one of the initial steps in the home purchase process. We are always willing to suggest names of mortgage loan officers, home inspectors and title companies.
Kentlands, Spring Flowers IMG_9499
Photograph by Roy Kelley using a Canon PowerShot G11 camera.
Roy and Dolores Kelley Photographs