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

Market Commentary Provided by Dee Elliott
Interest rates are still looking good. Best time to buy a home.

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Dee Elliott
Keller Williams Realty - Preferred Properties
Upper Marlboro, Maryland
240-737-0560
WElliott@kw.com
Agent Home Page

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

Very tight market

Average Home Price

$225,000-$350,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 20%

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 Laurel is

Seller Activity for the past 90 days in Laurel is

Is Financing Available For Qualified Buyers in Laurel?

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

Economic Growth

Average Sold Price

$225,000-$350,000 - View Graph Trend

National Real Estate Market

Local Summary: Demand for housing has resulted in a very tight market. Available listings are snapped up within 0-30 days with sellers receiving multiple offers for asking price.

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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