Crofton Sales Up 37% in December 2011

Sales were UP in Crofton, Maryland, last month, no matter how you look at it. Twenty two homes sold in December 2011, compared to just sixteen in the same month of 2010 – a 37.5% increase. December sales were up 22.2% in the 21114 zip code from eighteen during November 2011. There were seventeen homes sold during October 2011. Clearly this trend is going back in the “right” direction, after a dip from twenty two in September.

“Balance” is the barometer I use to evaluate the Crofton real estate market and predict its short-term future direction. This is done by determining whether new sales and new listings number about the same. (If new listings are double the number of new sales, for example, it's a bad thing for sellers and a good thing for buyers.) New pending contracts in December and new listings were very much on balance: fifteen new listings vs. fourteen new pending sales. If we could see this balance for several months, it would be good news for the Crofton real estate market.

Crofton home sellers and buyers can both find something to like in the December real estate report, as balance seems to be returning. Could we see a “normal” real estate market in 2012? I hope so, but the higher days on market in December gives me reason to pause in making that prediction.

If you're a statistics junkie and want more details about the Crofton real estate market, I'll be happy to share them with you. Just give me a call for the latest real estate information in the greater Crofton area, this zipcode, or your very own neighborhood - and what it means to you.

Current Crofton Listings

Originally posted to FocusOnCrofton.com