| 2008 | 2007 | % Change | |
|---|---|---|---|
| Total Sold Dollar Volume: | $ 2,885,000 | $ 3,566,950 | - 19.12 % |
| Average Sold Price: | $ 288,500 | $ 324,268 | - 11.03 % |
| Median Sold Price: | $ 295,000 | $ 355,000 | - 16.90 % |
| Total Units Sold: | 10 | 11 | - 9.09 % |
| Average Days on Market: | 126 | 108 | 16.67 % |
| Average List Price for Solds: | $ 337,159 | $ 354,427 | - 4.87 % |
| Avg Sale Price as a percentage of Avg List Price: |
85.57 % | 91.49 % |
Above are the home sales for November 2008 as compared to November 2007 in Laurel MD 20708. The above statistics reflect the continued market correction that is being felt through most of Maryland real estate. Both Average Sold Price and Median Sold Price dropped over ten percent.
The Average Sale Price as a percentage of Average List Price was a very low 85.57%. That means, in Laurel Md 20708, a property listed at $300,000 would actually sell for about $257,000. That is still amazing.
It is a great time to buy.
For more information, visit Maryland real estate
