The statistics for Elkridge real estate in the 21075 zip code are in and as follows (based on December 2011 data from MRIS):
Total sold dollar volume was $5,376,090; year-over-year 4.89 percent growth
Closed sales were 19 (went to settlement and closing)
Median sold price was $250,000; down 3.81 percent year-over-year
Average sold price was $282,952; up 4.89 percent year-over-year
Average days on market 69 days
The good news is that homes are selling. Yes, in some areas, prices are down year-over-year, but the average sold price was up 4.89 percent over last year's market.
Statistics are from MRIS; I am a member of the Maryland MRIS and National Association of Realtors.
With rates at all-time lows, it is a great time to purchase your first home or move up into a larger home.
Take care, Elkridge.