Here is an updated report with the Elkridge Housing Market Stats. The information below is how the market looked in 2012 vs. 2013. The report is now showing that is becoming more of a balance market vs. a buyers market.
Sold Dollar Volume, Jan 2013- $3,518,990 Jan. 2012- $2,842,200, increase of 23.81%
Find out what's happening in Elkridgefor free with the latest updates from Patch.
Avg Sold Price Jan. 2013- $270,692 Jan. 2012 -$258,382 increase of 4.76%
Median Sold Price Jan. 2013- $230,000 Jan. 2012- $245,000 decrease 6.12% but prices are starting to rise.
Find out what's happening in Elkridgefor free with the latest updates from Patch.
Units Sold up 18.18% from 2012
Avg Days on Market Jan. 2013- 61 Jan. 2012- 142
Avg List Price for Solds Jan. 2013- $277,130 Jan. 2012- $265,173 increase of 4.51%
Inventory
Active Listings Jan. 2013- 57 Jan. 2012- 112
New Listings Jan. 2013- 30 Jan. 2012- 39
When the market for days on the market is less then 65 days, it is more of a sellers market.
Please let me know if you have any questions at all or would like a more detail report for your neighborhood. Thank you and Happy Housing Market.