Odenton Market Report for June 2011

Below is a summary of the Odenton Housing Market Report for June 2011:

• Total sold dollar value increased in June 2011 compare to June 2010 from $11.6 million to $11.69 million (+0.71 percent)
• Average sale price decreased in June 2010 compare to June 2010 from $305,000 to $278,000 (-8.88 percent)
• Total units sold increased in June 2011 compare to June 2010 from 38 to 42 (10.53 percent)
• Average DOM(Day on Market) increased in June 2011 compare to June 2010 from 65 to 101 (55.38 percent)
• Average sold to list price ratio decreased in June 2011 compare to June 2010 from 97.1 percent to 92.4 percent (-4.92 percent)
• Total active listings decreased in June 2011 compare to June 2010 from 195 to 190 (2.56 percent)

36 percent of units sold in less than 30 days

62 percent of units sold in less than 60 days

74 percent of units sold in less than 90 days