Davidsonville, MD Real Estate Market Update for June, 2008

Davidsonville, Maryland is located close to Annapolis and is considered a Washington, DC suburb. DC commuters view it as an ideal location, as it is just minutes from Route 50, which leads directly into Washington, DC.

Davidsonville, MD offers a variety of residential real estate. Homes for sale in Davidsonville, Maryland range in price from $300,000 to almost $1,800,000. At the lower end of the price range, one can guy a nice rancher home requiring some work, that is a bank foreclosure. At the higher end of the price range are many beautiful mansions, boasting up to a total of seven bedrooms.

Due to the variety of real estate for sale in Davidsonville, and the wide price ranges in which you can buy a home, the real estate market statistics are more varied than in most surrounding areas. It is my opinion that the sale of luxury real estate is what skews these numbers so much.

Below are the real estate statistics provided by MRIS for the month of June, 2008 for Davidsonville, MD 21035:

As you see, in the month of June, over $4.4 million in total real estate was sold. Six homes were sold in Davidsonville, Maryland during the month of June, 2008 and there were 12 new listings taken by real estate agents, with two of the existing listings going into contract status. The total dollar volume of homes sold in Davidsonville, Maryland in June 2008, was higher than June, 2007, but the average sale price for each sold home was lower than compared to the prior year. While many zip codes experience declines against all benchmarks, Davidsonville was different, in that more real estate was sold in June, 2008 compared to a year earlier and more homes were sold. The list vs. sold price was down about 1% from the prior year. While more real estate listings were taken in June, 2008 compared to June, 2007 in Davidsonville, Maryland, fewer homes entered contract status.

Below is a list vs. sold price line chart. This charts the list and sold prices for Davidsonville, MD from June, 2006 to present:

As you can see, from month to month over the previous two years, there have been a lot of spikes and declines in both listing and sale price. It is my opinion that these spikes are due to the types of homes that are listed and sold each month in Davidsonville, MD. As a whole though, the Davidsonville real estate market appears to hover around $750,000, give or take.

Below is a chart that shows the average "days on market" for homes for sale in Davidsonville, MD from June, 2006 to June, 2008:

As you see, the average "days on market" for Davidsonville, MD has shifted wildly from month-to-month during the previous two years. In July, 2007, a time when many home sellers throughout Maryland were experiencing difficulting selling their homes, the average days on market for Davidsonville was just 22. If you were to list your home for sale today, expect that it will be on the market for at least 120 days.

If you a home buyer looking in Davidsonville, Maryland for a home, please contact the Barron Team to learn about how we will put our knowledge and experience to work for you! If you are thinking about selling your Davidsonville, MD home, please contact The Barron Team for a free comparitive market analysis (CMA) and to learn about how we use the latest technology and marketing expertise to sell your home for the most money in the shortest amount of time. Learn more about The Barron Team, Jesse Barron, the technology we emply, our listings and our slogan.

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