Middletown MD Real Estate Residential Home Year End Market Report

By
Real Estate Agent with Re/Max Achievers

Well 2008 has come to an here is home the Middletown Maryland Real Estate Market fared.

Here is a snapshot of residential home sales in Middletown MD over the past 5 years

 

Homes sold

2004-177

2005-148

2006-131

2007-97

2008-96

Average Price

2004-$363,374

2005-$489,388

2006-$502,535

2007-$450,636

2008-$420,302

Days on the Market

2004-44

2005-57

2006-94

2007-120

2008-125

 

As you can see the number of sales have decreased and days on the market have increased over the past years. In addition average prices in Middletown are declining and only now above 2004 levels.

Currently the home inventory in Middletown is at 88.

My prediction for 2009 will be more of the same of what we saw in 2008 although many factors can influence the outcome. We'll have to wait and see.

RATES are fantastic now, for one thing and buyers do seem to be coming back out!

 

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Craig Smith

Frederick MD Real Estate
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