Crofton Maryland Real Estate Market Update - June 2008
By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
After a relatively dismal May for Crofton Maryland real estate, I'm happy to report that things were looking up in June. Both the average and median sold prices were up slightly from last year AND from last month! The average sold price was up just .4%, but the median sold price was up 8.48% and average list price of sold homes was up 4.07% from last year. In fact, both the average and median sold prices were the highest in June 2008 that they've been over the 4-year period tracked in this chart: While this is good news for Crofton home sellers, it could signal buyers that they missed the bottom of the market. As predicted, buyers won't know for sure when prices have bottomed out until they start going up again. We'll be watching carefully to see ...
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