| 2009 | 2008 | % Change | |
| Sold Dollar Volume | $7,744,500 | $9,012,593 | -14.07% |
| Average Sold Price | $297,865 | $333,800 | -10.77% |
| Median Sold Price | $298,750 | $320,000 | -6.64% |
| Total Units Sold | 26 | 27 | -3.70% |
| Average Days on Market | 77 | 116 | -33.62% |
| Average List Price for Solds | $318,532 | $358,518 | -11.15% |
Odenton, MD real estate sales in September, 2009 compared to the same month in 2008 were not trending upward.
The number of units sold was almost the same so the reduction in average prices is reflective of the price ranges that are active. 24 of the total 26 homes sold in Odenton, MD during the month of September, 2009 were under $400,000.
Crofton, MD, a neighboring community had 8 homes sold over $500,000.
The Odenton, MD homes for sale inventory remains high at 198. It grew slightly since 42 new listings came on the market while 26 were settled.
Taking a peek at the future it looks like the trend is turning around. 38 homes went into one of the contract stages.
Interestingly, houses are selling faster in Odenton, MD in September of this year compared to last, even while the inventory continues to grow.
If you’re SEARCHING for a home anywhere in Maryland, click here to view ALL ACTIVE LISTINGS.
Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist
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