Crownsville MD - Market Report for May 2007 vs. May 2006

CROWNSVILLE MD 21032

Sales statistics for Crownsville, MD (21032) were almost scary for May 2007.

There were twenty-four new listings and only three new sales (plus three contingent contracts). Talk about an imbalance of supply and demand! All I can say is this: BUYERS, IT'S A GREAT TIME TO BUY A HOME IN CROWNSVILLE. (Sorry, Sellers!) Here are some additional statistics from Metropolitan Regional Information Systems, Inc. (MRIS), comparing May 2007 with May 2006:

• Total Units Sold: Down 61.54%
• Total Sold Dollar Volume: Down 71.09%
• Average Sold Price: Down 24.84%
• Median Sold Price: Down 43.17%

Contrary to other areas, however, the days on market are also Down - from 139 to 55. That's the one bright spot in real estate trends for Crownsville in May 2007, as compared to May 2006.

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