Laurel Maryland is located in four different zip codes. Each one of these zip codes has their own absortion rate. Absorption rate is the percentage of homes that sell within the first thirty days. An absortion rate of 23% or below is a buyer's market.
Laurel Maryland Prince Georges County has an overall absorption rate of 13%. However, the two Laurel MD zip codes in Prince Georges county are both higher. Zip code 20707 has an absorption rate of 14%. This is still a buyers market. Surprisingly, Laurel zip code 20708 has the a rate of 24%. This is the highest of the Laurel MD zip codes. In fact, this rate of 24% is not a buyer's market....it is a transition market.
A transition market, is a balanced market. That is, supply and demand are almost equal.
Laurel Md Howard county zip code 20723 has an absorption rate of 13%. Ann Arundel county Laurel MD has an absorption rate of 21%.
Laurel MD is still in a buyer's market, but there may be indications of change.
For more information about Maryland real estate, visit Maryland home sales.
Comments(0)