Home Sales In Laurel, Md. 20708 May 2009

2009 2008 % Change
Total Sold Dollar Volume: $ 2,966,200 $ 2,810,222 5.55 %
Average Sold Price: $ 296,620 $ 351,278 – 15.56 %
Median Sold Price: $ 272,901 $ 341,211 – 20.02 %
Total Units Sold: 10 8 25.00 %
Average Days on Market: 132 160 – 17.50 %
Average List Price for Solds: $ 331,060 $ 374,827 – 11.68 %
Avg Sale Price as a
percentage of Avg List Price:
89.60 % 93.72 %

The statistics above are for Laurel Maryland 20708.  This part of Laurel real estate border the other Prince Georges County Laurel zip code 20707.

The numbers compare this May 2009 with last May 2008.   As you can see, both the average sold price and the medium sold price dropped over 15%  from last year.

However, more homes sold in May 2009 than in May 2008.  Another significant note, it took four weeks less to sell a home this May as compared to last May.

Perhaps an even more telling statistic, not noted above, is that more homes were sold or went under contract this May than were new listings.  Twenty new homes came on the market, but twenty one homes were sold or pending.

In Laurel Maryland, the bottom of the market is in sight.

 

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