Edgewater, MD 21037 November Real Estate Statistics
November 2013 real estate statistics for Edgewater, MD are in and things are looking up! The Sold Dollar Volume was up over 30% and the average sale price was up 2.74%. Total units sold was up 27% (28 units opposed to 22 units for 2012).
The average days on market was down to 59 days from 108 in 2012 that's a 45% improvement. The average Sales price to OLP (original list price ratio) was 95.2% up from 93.1% in 2012.
The average sold price of a detached house was $508,060 (up 2.5%) and the average sold price of an attached house was $370,000 (up 6.35%).
There were 141 active listings compared to 121 active listings in 2012. This is a 16.5% increase. The continuing upswing in prices has led to more listings coming online. Another good indicator in the strength of the Edgewater market is the type of financing being used. 20 of the 28 sales in November were either cash or conventional. A conventional buyer is generally considered to be stronger as they need a larger down payment and a better credit score in order to qualify for a mortgage.
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