November 2016 was a record breaker for real estate sales in Crofton.  That is
great news for Crofton home owners who may be thinking of listing their homes
for sale in 2017.  I can't recall another Fall that was quite as busy as this one
since 2005!

Here are a few quick snapshots along with my thoughts.

Closed Sales were up 75% over the past 5 year average with 51 homes sold
in the month of November.   New pending sales (under contract homes) are up as
well, but the biggest indicator of our HOT market is the months of supply.
We generally consider 3 months of supply a "healthy" market.  We now have
less than 2 months of inventory.  Supply and demand dictate that prices
will rise as we have more buyers vying for the same small inventory of homes.

      

 
      

The total volume of real estate sold in Crofton MD in November was $14,853,950.  
That's up 57% over the same period last year.  We are looking forward to 2017 to
see if the market continues to climb.

StatisticNovYoYMoM
Total Sold Dollar Volume 14,853,950 up57.3% up23.1%
Closed Sales 51 up75.9% +30.8%
Median Sold Price $259,900 down17.5% -5.5%
Average Sold Price $291,254 down10.5% -5.9%
Median Days on Market 48 days down9.4% +33.3%
Average Days on Market 60 days down7.7% +33.3%
Median Price per Sq Foot $187 up4.5% -3.6%
Average Price per Sq Foot $185 up1.7% -8.4%

If you have been waiting for the Spring market to hit before listing your Crofton
home for sale, you might want to reconsider.  The market in Crofton is hot right
now and inventory is at an all time low.  

The Roskelly Team specializes in Crofton real estate.  We live, work and play 
in Crofton.  If you would like a complimentary market value analysis, whether
you are selling your home or just curious about your homes' value, give us
a call at 410-721-6694 or visit us on-line at www.FortMeadeHomes.com anytime.

We'd love to go to work for you