Odenton Market Real Estate Report, April 2011

Below is a summary of the Odenton Market Report for April:

Sold dollar value decreased from $14.06 million in April 2010 to $5.96 million in April of 2011 (down 57.58 percent).

• Average Sold price decreased from $305,000 to $271,000 when compared to April of 2010 (down 11.31 percent)
• Total units Sold decreased in April from 46 to 22 compare to April of last year (down 52.17 percent)
• Average DOM(Day on Market) decreased in April  from 109 to 94 when compared to April of 2010. (down 13.76 percent)
• Average Sold To List Price ratio decreased in April from 95.2 percent to 93.2 percent compare to April 2010 (down 2.13 percent)
• Total active listings increased in April from 174 to 190 when compare to Aprilof last year (up 9.2 percent)

27 percent of units sold in less than 30 days

45 percent of units sold in less than 60 days

68 percent of units sold in less than 90 days