Boonsboro Maryland Real Estate Market Report- Beginning of 2007

By
Real Estate Agent with Re/Max Achievers

Here is a snapshot of the current housing marketin Boonsboro Maryland.

As of the 4/16/07 there are 69 current residential active listings in Boonsboro. Currently 8 homes are under contract which is only slightly over 10.4% of the total listed homes.

The breakdown of the price ranges looks as follows:

  • $200K and under- 3 Homes  
  • $200-300K- 18
  • $300-400K- 20
  • $400-500K- 10
  • $500-600K- 3
  • $600-700K- 3
  • $700+ - 12

Of the 69 active listings, 27 have been on the market 180+ days and 40 total at 90+ days. This still shows that sellers need to get those prices down to be competitive or risk a long period on the market. Although the start of the year seemed to pick up some I have seen a slight softening recently.

The breakdown of sold homes since the start of the year looks as follows compared to last year:

                         2007       2006

  • March          7            15
  • February     7            17
  • January       4            6

Overall the sold properties decreased in 2007 from 2006.

We'll have to see what the warmer weather may bring!

Boonsboro Maryland

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