Crofton MD Real Estate - Market Report for July, 2013
By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Crofton, MD Market Report for July, 2013 The Crofton MD real estate market is doing very well moving into the secone half of the year. Despite housing inventories that have been low for quite some time, and interest rates creeping closer to 5%, Crofton experienced its best month in July since 2009. Sold Listings Median Sold Price The median sold price of Crofton listings has been trending down. Earlier in the year, the more expensive homes were selling, and are no longer in the inventory, thus putting downward pressure on the medial sold price. Average Days on the Market Since the beginning of the year, the amount of time a home in Crofton MD stays on the market has been dropping considerably. In July, the average number of days was 26. A strong real estate market, and low inventory is ...
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