Laurel, MD

When showing Laurel real estate, I am often asked by buyers when is the best time to buy. Everyone wants to know, is it better to buy in the Winter or the Spring?

Well, the truth is, both times are a great time to buy. In the Winter buyers have less competition for the inventory of homes out there. Sellers tend to be more motivated if they have their home for sale during the Winter months.

However, in the Spring you have more homes on the market. Buyers have more choices. But, there are more buyers in the Spring. Buyers have more competition for the good homes out there. Even in this buyers market some homes have multiple offers.

So the best time to buy is when your budget fits a home you like.

For more information about home buying in Maryland, visit Maryland real estate.

The following information is updated as of 1/7/2009.

Laurel Maryland is located in four different zip codes. All four zip codes, except one, reflect the continuing buyer's market in Laurel MD.

Prince Georges Laurel zip codes 20707 and 20708 both reflect numbers better than Prince Georges County on the whole. In zip code 20707 sixteen percent of homes are selling the first thirty days on the market. And in zip code 20708 twentyone homes are selling within the first thirty days on the market. Both these numbers are above Prince Georges County Marylands thirteen percent

Howard County Laurel MD is at fourteen percent of homes sold in the first thirty days.

But the real surprise is Ann Arundel County Laurel Md. Twentyfour percent of homes listed in zip code 20724 sell within thirty days on the market. This number far out paces the rest of Ann Arundel County which is at nine percent

For more information on the Maryland housing market visit, Maryland home sales.

Accoding to the Laurel Gazette, Laurel Maryland has three big items on its plate for 2009.

The first item concerns slots. As many of you know, voters approved slots in Laurel this past Fall. About 60 percent of the voters approved of the measure that was supported by police and teachers. The Gazette indicated the slots license should be issued for most likely Laurel Park this year.

In addition, Laurel Commons Mall should be moving ahead with remodeling. Despite tough economic times, the owners of the Mall are moving forward. Demolition will begin as eary as today.

And finally, the ambitious Konterra project will stay on the planning board, but should still make progress. The paper printed that ground breaking could begin at the end of this year.

These are some of the development we will be watching this year in Laurel Maryland.

For more information on Maryland real estate, visit Maryland housing market.

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.

Laurel Maryland real estate is located in four different Maryland counties. Laurel city proper is located in Prince Georges county. Both Howard county and Ann Arundel county hold large areas of suburban Laurel, Maryland. Montgomery county holds a part of a subdision of western Laurel.

Each of these counties have their own absorption rate. Absorption rate is the amount of homes that sell within thirty days of being on the market. Any absortion rate below twentythree percent is a buyer's market. The lower the percentage, the stronger the buyer market.

Montgomery county has the highest absorption rate at 19%, followed by Prince Georges county at 13%. Next is Howard county at 12%, with Ann Arundel county the lowest absortion rate at 10%.

All four counties are very much a buyer's market.

For more information about home sales in Maryland, visit Maryland real estate.