Odenton Market Report for May 2011

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

• Sold dollar value decreased in May from $9.95 million to $9.53 million compared to May of 2010. (-4.28 percent)
• Average Sold price decreased in May from $284,000 to $272,000 compared to May of 2010 (-4.28 percent)
• Total unit Sold didn't change in May. There were 35 units sold during the month and 35 sold in May of 2010.
• Average DOM(Day on Market) increased in May from 62 to 112 when compared to May 2010. (+80.65 percent)
• Average Sold To List Price ratio decreased in May from 94.5 percent to 92.6 percent when compared to May of 2010. (-2.02 percent)
• Total active Listings decreased in May from 189 to 185 when compared to May of 2010. (- 2.12 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