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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