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Elkridge Housing Market: October 2011 vs. October 2010

See an analysis including days on market, price and other information for homes in the 21075 zip code.

OK, if you're anything like me you wonder, "What is my home worth?" and "What is the real estate market doing?"

Here are the latest market statistics for Elkridge (21075) for October 2011 compared to October 2010. 

Sold Dollar Volume $6,360,219 in 2011; $5,408,600 in 2010; up 17.59 percent

Average Sold Price $334,748 in 2011; $284,663 in 2010; up 17.59 percent

Units Sold for October was the same for both years: 19 units

Average Days on Market 126 in 2011; 55 in 2010; change of 129 percent

Active Listings 151 in 2011; 121 in 2010; increase of 24.79 percent

Total Pending Sales 48 in 2011; 42 in 2010; change of 14.29 percent

Financing (Sold) in October 2011 1 cash, 9 conventional, 5 FHA, 3 VA and 1 other

Days on Market in October 2011 11 to 20 days= 3; 31–60 days=3; 61–90 days=3; 121–180 days=4; 181–360 days=4; and 360–720 days=1.

It was too early to give November's statistics. I have had and heard many people asking and/or talking about the market.

Please let me know if you want more detailed information by type of home and/or price point of homes or for information for the Hanover area. Just too much to give in a blog. 

**Statistics are through RealEstate Business Intelligence,LLC,MRIS Company. I am a paid member of MRIS and Realtor Association.

My family and I are wishing all of you a happy and safe holiday season.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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