How fast are homes in Laurel real estate moving?  Of all the homes for sale in Laurel Maryland, how many of them sell in thirty days or less?  Currently, there are 135 active homes for sale in the Laurel MD zip code 20707.  In addition, 21 homes in zip code 20707 are currently under contract.  Add those two numbers together, 135 + 21 = 156.  Now, divide the  the number of homes under contract by the total number of homes, 21/156 and you get 13 which translates into 13% of homes available sell within thirty days.

What does that number signify? Is that good or bad?  Fast or slow?  It is considered a seller’s market if 33%  or more homes sell in thirty days.  Conversly, it is considered a buyer’s market if 23% or less of homes sell in thirty days or less.  As you see above, in Laurel MD zip code 20707 13% of homes sell in thirty days or less.  Laurel MD zip code 20707 is in a buyer’s market.

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