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.