The Severn real estate market saw 50 new homes for sale listed in the month of March which represents a 25% decrease compared to the same period in 2020. The active listings left at the end of the month were down 89% and as a result overall sales were down almost 20% - the inventory just wasn't there to meet buyer demand.
The median sold price was up right around 3% and the average days on market fell 81% as buyers scrambled to secure the limited inventory available.
Due to it's proximity to Fort Meade MD and NSA, the Severn real estate market remains one of the strongest in our area. 
If you're thinking of buying a home in Severn MD visit us on-line to view all homes for sale.
Thinking of listing your Severn MD home for sale? The Roskelly Team at Berkshire Hathaway HomeServices would love to put our 20+ years of experience to work for you today to earn you top dollar on your home sale. Learn more about our marketing plan or request a free market value analysis for your Severn home.
