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Elkridge Real Estate Report

What did the real estate market do in our area? See the numbers.

Hello Elkridge,

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.

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