Laurel MD Howard County Shocking Results

2008 2007 % Change
Total Sold Dollar Volume: $ 5,840,220 $ 2,944,580 98.34 %
Average Sold Price: $ 389,348 $ 327,176 19.00 %
Median Sold Price: $ 360,000 $ 299,000 20.40 %
Total Units Sold: 15 9 66.67 %
Average Days on Market: 105 94 11.70 %
Average List Price for Solds: $ 415,928 $ 340,722 22.07 %
Avg Sale Price as a
percentage of Avg List Price:
93.61 % 96.02 %

Those of us who own Laurel, Md. real estate are very excited about Laurel MD 20723.  Look at the above comparison between November 2008 to November 2007 in zip code 20723.  Total dollar volume doubled.  Average sold price increased 19 percent and median sold price increased just over 20 percent in Laurel MD 20723.  The average list price for solds jumped just over 22 percent.

The days on market increased from 94 days to 105.  However, the number of homes sold this November 2008 as compared to November 2007 increased by six.  Laurel Md 20723 shows a possible resurgence in the Laurel housing market.

 

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