ODENTON MD 21113
Recently released real estate statistics indicate that Odenton (21113) fared better than other Anne Arundel County zipcodes during May 2007, compared to May 2006.
According to the Metropolitan Regional Information Systems, Inc. (MRIS), the mls used by REALTORS and others in the Odenton area, the average "Sold" price was down by less than 1% from a year ago - essentially, values are holding their own.
| 2007 | 2006 | % Change |
Total Sold Dollar Volume: | $ 16,673,120 | $ 19,207,592 | - 13.20 % |
Average Sold Price: | $ 347,357 | $ 349,229 | - 0.54 % |
Median Sold Price: | $ 325,000 | $ 343,000 | - 5.25 % |
Total Units Sold: | 48 | 55 | - 12.73 % |
Average Days on Market: | 81 | 48 | 68.75 % |
Average List Price for Solds: | $ 362,186 | $ 355,741 | 1.81 % |
Avg Sale Price as a | 95.91 % | 98.17 % |
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One statistic that I always look for is New Listings vs. New Contracts, because that is a good indicator of supply and demand - which helps me to predict the market for the next few months. In Odenton, there were 110 new listings, and 52 new contracts, including 12 contingent contracts. While this is a 2-month inventory of new listings, it is much more favorable than other nearby areas. (Crownsville, for example, had 21 new listings and only 3 new contracts.)
Given the anticipated growth in this area, due to BRAC, and the excellent location within a half hour of both D.C. and Baltimore, I'm thinking that Odenton is the place to own real estate!
For recent real estate activity in your area, or another area in Maryland that you may be considering buying, click on Market Snapshot. Just enter your own address, and you will receive a map of the area by email, with current listings and recent sales listed.
Copyright 2006-12. All rights reserved.
DISCLAIMER: Information contained in this post is deemed reliable on the date of publication, but it is not guaranteed and it is subject to change without notice.
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Margaret Woda, REALTOR and Associate Broker
Direct: (301)346-2923 or click on EMAIL
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Long & Foster Real Estate, Inc., 2191 Defense Hwy., Crofton, MD 21114 (410) 721-1500
