|Total Sold Dollar Volume:||$ 10,314,641||$ 5,093,200||102.52 %|
|Average Sold Price:||$ 271,438||$ 231,509||17.25 %|
|Median Sold Price:||$ 247,000||$ 220,500||12.02 %|
|Total Units Sold:||38||22||72.73 %|
|Average Days on Market:||72||115||– 37.39 %|
|Average List Price for Solds:||$ 298,168||$ 266,504||11.88 %|
|Avg Sale Price as a
percentage of Avg List Price:
|91.04 %||86.87 %|
The above chart compares home sales in Laurel Md 20707 of this past September 2009 with last September 2008.
The results are quite surprising.
It appears Laurel real estate may be increasing in value. The average sold price increased over 17% to $271,438. That is a difference of 40 thousand dollars over last year.
The median sold price in Laurel Md 20707 experienced a jump as well. In September of 2008 the median sold price was $220,500. However, this past September 2009, the median sold price increased to $247,000!
Now one might think these value increases might have a chilling effect on the amount of homes sold in Laurel Md 20707. Surprisingly, the amount of homes almost doubled from 22 in September 2008 to 38 in September 2009.
Not only did more Laurel real estate sell, but more homes sold faster. The average days on market dropped from 115 days to just 72 days.
Though the numbers are surprising, it remains to be seen if this is the start of a trend in Laurel real estate.