September Market Study for Davidsonville, Maryland 21035

September Market Study for Davidsonville, Maryland 21035

September was a great month for homesellers in Davidsonville, Maryland. According to RBIntel's Real Estate Market Statistics, 11 homes sold in September which is up from August's 5 closed sales, which is a whopping 12% increase! Pricewise, September saw a slight decrease in the average sold price, which could have more to do with the available inventory as opposed to the market. Further evidence of this is the fact that the ratio of sold price to original list price has increased favorably by 13.27% since August. Instead of sellers receiving 85.5% of the original list price, or OLP, they are averaging 96.9%! Additionally, Davidsonville homesellers are averaging LESS days on market while getting more for their homes. Days on market in August averaged 109, whereas homes averaged only 90 days on market in September. 

Inventory-wise, new listings are up from August: there were 15 new listings in August and 18 in September. 

What does this mean for you?  

Sellers: Davidsonville residents looking to sell their home should not fear the dreaded "off-season." If anything, the fall has started off as a great time to sell your home! The key will be pricing your home right to attract buyers away from the 57 currently active listings. 

Buyers: If you are considering Davidonsville, there are lots of great homes from which to choose. Consult with an experience REALTOR® who follows the market and can advise you before making an offer. 

If you are looking to buy or sell a Davidsonville home, please let me know! As a member of Team Woda at Long & Foster, I would love to help! Email me at: teamwoda@mris.com