| 2009 | 2008 | % Change | |
|---|---|---|---|
| Total Sold Dollar Volume: | $ 7,276,450 | $ 6,037,220 | 20.53 % |
| Average Sold Price: | $ 259,873 | $ 274,419 | - 5.30 % |
| Median Sold Price: | $ 229,950 | $ 244,950 | - 6.12 % |
| Total Units Sold: | 28 | 22 | 27.27 % |
| Average Days on Market: | 114 | 105 | 8.57 % |
| Average List Price for Solds: | $ 285,211 | $ 297,590 | - 4.16 % |
| Avg Sale Price as a percentage of Avg List Price: |
91.12 % | 92.21 % |
Above are the statistics for Laurel real estate zip code 20707.
Some important indicators to note are the average sold price and the median sold price. Both categories show a decline of just over five percent. This is good for both buyers and sellers of Laurel Maryland real estate.
For buyers, this shows that property values are still dropping. However, the numbers are good for sellers as well because the decline is not as steep as in the past couple of years.
For sellers of Laurel Md real estate the average days on market is also significant. There is only a slight increase in this number as well. In most areas of the Baltimore and Washington housing market Inventories are shrinking and the number of days it takes to sell a property are decreasing as well.
For more information about Laurel real estate, visit Maryland real estate.
