Upper Marlboro, MD Real Estate Market Report - August 2013
In August 2013 the total sold dollar volume on homes sold in Upper Marlboro, MD was $24,639,607. There were a total of 91 homes sold in August and of those sold 12 (7.75%) were foreclosures and 27 (29.67%) were short sale properties. Although almost 40% of the properties sold last month were bank-mediated sales, foreclosure sales declined by 36.8% and short sales were down by 12.9% from this time last year.
Inventory
There were a total of 258 homes for sale in Upper Marlboro, MD in August. The number active listings increased by 6.6% since last month and declined by 20.8% from the same time last year. Of the homes listed for sale, foreclosures represent 7.75% and short sales account for 20.16%. When doing a comparison of the number of bank-mediated properties that were on the market in August 2012 foreclosures are down by 31% and short sales have declined by 51.4%.
Median Sales Price
The median sales price in Upper Marlboro, MD was $235,000 (20772) and $240,000 (20774). Sales prices in 20772 have increased by 1.08% since last month and 2.17% since August 2012 while prices in 20774 have seen a larger increases of 6.19% since July and 20% this same time last year.
Median Days on Market
The median days on market was 20 (20772) and 26 (20774). In 20772 the number of days declined by 9% since July and 23% since August 2012 and median days in 20774 have declined by 11.5% since last month and 23% from the same time last year.
List Price vs. Sold Price
Homes were sold at 99.97% of list price in 20772 and 99.74% in 20774. This means that homes in Upper Marlboro are being sold very close to list price.
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