Winter 2012 Market Update
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Average Home Price $275,000 - View Graph Trend
Average Price Compared to Last Year Up 5-10%
Average Time on Market 60-90 days
Best Selling Price Range$250,000 - $299,000
Worst Selling Price Range$450,000 - $499,000
Prices As % of Asking Price 95-100%
Existing Home Prices for the past 90 days are?No Change
Market Trend Decreasing
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Odenton isIncreasing
Seller Activity for the past 90 days in Odenton is?No Change
Multiple Offers?No
Multiple Offers CommentarySome foreclosurers are getting multiple offers.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?10-15%
Is Financing Available For Qualified Buyers?Yes
Comments on Financing For Qualified BuyersCall me today at 410-258-3660 to find out about all the financing options currently available to you.
Housing Inventory Good supply - Some Prices
Inventory CommentsAmple inventory in all price ranges. Plenty of options in Piney Orchard currently. New construction choices are very attractive currently.
Greatest Activity Investors
Reason to Buy/Sell Job Growth
Nearest Metro AreaBaltimore/Annapolis
Housing Hot SpotsFort Meade. Severn,Hanover, Gambrills, Odenton, Crofton
Average Sold Price $275,000 - View Graph Trend

Odenton Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mortgage Rates
– Feb 11th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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