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

Winter 2010

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CONNECT WITH A LOCAL PROFESSIONAL

Dee Elliott
Keller Williams Realty - Preferred Properties
Upper Marlboro, Maryland
240-737-5000
WElliott@kw.com
Agent Home Page

Nearest Metro Area

Washington D.C.

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

Market Trend

Increasing

Housing Inventory

Very tight market

Average Home Price

$250,000 - View Graph Trend

Best Selling Price Range

$250,000 - $299,000

Worst Selling Price Range

$400,000 - $449,000

Compared to Last Year

Up 10-15%

Prices As % of Asking Price

100%

Multiple Offers?

Yes

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Laurel is

Increasing

Seller Activity for the past 90 days in Laurel is

No Change

Is Financing Available For Qualified Buyers in Laurel?

Yes

Existing Home Prices for the past 90 days are

No Change

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

More than 50%

Housing Hot Spots

Entire Area

Reason to Buy/Sell

Economic Growth $8000 home credit

Average Sold Price

$250,000 - View Graph Trend

National Real Estate Market

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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