Crofton Maryland Real Estate Update - August 2009

Has the Crofton Maryland real estate market stabilized? That's a question many people are asking these days, and there is no simple answer. There are so many factors to consider, and here are a few of them tracked over a number of years:

If you prefer colorful graphs, I have some of those, too. Here's one illustrating how many homes sold in the 21114 zipcode vs. how many active listings there were in recent months:

There were 46 new listings in Crofton during August, compared to 13 new non-contingent contracts. Ideally, the two numbers would be about the same, because these figures indicate that the housing inventory is growing - and that's not what home owners want to see. (Economics 101: Supply and Demand) It is good for home buyers, but many of them are still sitting on the fence.

For more information about the local real estate market, including specifics about your neighborhood (as opposed to your zipcode), CONTACT ME any time.