Odenton MD Real Estate – Market Statistics, November 2009

Odenton MD, 21113

October – 2009	2009	2008	% Change
Sold Dollar Volume	$9,971,899	$6,563,522	+51.93%
Average Sold Price	$302,179	$328,176	-7.92%
Median Sold Price	$294,999	$319,500	-7.67%
Total Units Sold	33	20	+65.00%
Average Days on Market	92	106	-13.21%
Average List Price for Solds	$315,348	$352,530	-10.55%

Several of the Odenton, MD home sales statistics looked better in November, 2009 compared to November, 2008.

More units are being sold, but in the lower price ranges. 32 of the 33 sales were in the price range under $500,000, while fully 25 of the 33 listings were under the $350,000 price range.

During the month of November, 2009, 41 new listings were added to the Odenton, MD home inventory, while 33 were sold.

In a peek at the near term future, 31 homes went under one of the various contract categories. Despite that, more houses were added to the Odenton MD inventory in November, than went off.

From the data, it looks like first time home buyers were fueling the Odenton, MD home sale increases in November, 2009. That makes sense since there was an urgency to buy because the $8,000 tax credit was set to expire on November 31st. That has since been changed by Congress taking some of the sense of urgency off first time home buyers.

It certainly was a nice month for Odenton real estate sales. Let’s see if the trend can continue now that some of the pressure is off 1st time home buyers getting into a home quickly. They have an extra four months now to still qualify for up to an $8,000 tax credit.

If you’re not already working with a Realtor® to find that perfect Odenton, MD home, I can help. Call me at 443-995-9595 any time.

SOURCE: Metropolitan Regional Information Systems, Inc.
Information deemed reliable, but is not guaranteed.