Severn Real Estate Market Conditions & Reports, Severn Market Trends, Maryland

Market Commentary Provided by The Dave Therrien Group
Interest rates are historically low

Report Date

Fall 2009

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The Dave Therrien Group
Keller Williams Flagship of Maryland
Millersville, Maryland
443-795-3300
homesearch@mls.biz
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Nearest Metro Area

Washington, D.C.

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

0-30 days

Market Trend

Increasing

Housing Inventory

Limited Supply

Average Home Price

$315,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up from last year

Prices As % of Asking Price

100%

Multiple Offers?

Yes

Greatest Activity

First time, move-up and repeat buyers, single-family homes, condos/townhome

Buyer Activity for the past 90 days in Severn is

Seller Activity for the past 90 days in Severn is

Is Financing Available For Qualified Buyers in Severn?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Entire area

Reason to Buy/Sell

Average Sold Price

$315,000 - View Graph Trend

National Real Estate Market

Local Summary: Demand for housing has resulted in a limited supply. Sellers are receiving multiple offers at asking price. The market is being fueled by activity from first time, move-up and repeat buyers, single-family homes, and condos/townhomes.

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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