Real estate inventory is finally climbing in Odenton with a 20% increase in the number of newly listed homes as compared to 8/2020, and a 10% carry over of inventory from the previous month. The total number of pending sales was down 2% which is really going to help to bring a little balance to the market. There are no signs of the market weakening substantially though and we're still seeing multiple offers in the Odenton real estate market especially in the ever popular neighborhoods of Seven Oaks and Piney Orchard.
The sold dollar volume was up a whopping 37% with a 16% increase in the median sold price. If you're an Odenton homeowner, you've enjoyed some real equity gains this year.
If you've been thinking about selling your Odenton home or are just curious about your current market value, contact us for a free market value analysis.
If you're thinking of buying, selling or renting a home in Odenton, The Roskelly Team at Berkshire Hathaway HomeServices specializes in Odenton real estate and we'd love to put our 20+ years of local market experience to work for you today!