Thinking of buying a home in Severn MD, or listing your Severn MD home for sale in 2020? Let us help you keep your finger on the pulse of the Severn real estate market with our monthly sales updates.
First let's check up on the inventory of homes for sale in Severn MD. This is the biggest factor in determining which way the real estate market is leaning. We've been on a downward trend on inventory for almost six months now and December was no exception with less than 50% of the 5 year average of available homes! There were 85 new active listings in December which is down 38% from the same period in 2018 with 32 new pending sales, up 10% from 2018 and 70 total pending sales which is up almost 19% over 2018. This places us in a strong seller leaning market.
Now let's talk about the overall market and values. The average sold price was up slightly at 3.18% and average days on market was down almost 43%. If you're selling your Severn home this means you'll be able to zip through a sale if you properly price and prepare your home and list it for sale with an experienced team like ours! Townhome sales were king in Severn this month with a 138% increase over 2018. A full summary of stats is below.
The Roskelly Team at RE/MAX Leading Edge specializes in homes for sale in Severn MD near Fort Meade MD. Our unique on-line marketing targets the largest buying population in Anne Arundel county, Fort Meade military, DOD and government contractor employees of the base. We can get your home advertised to the widest audience of home buyers ensuring you get the best possible price and days on market. Contact us today for a free, no-obligation market value analysis!
We can also help you buy a home in Severn MD with an easy to use on-line search tool that will let you know when new listings become available, a property price changes and more! You can even keep track of the value of your Severn home with monthly updates.
