The following are the absorption rates for the four Maryland counties that Laurel, Md. real estate is located. The Maryland counties are Montgomery, Prince Georges, Howard and Ann Arundel.
Montgomery County Maryland continues to lead the way out of a weak market with 22% of homes selling in the first 30 days. This is an increase of one percent. Over 56 homes went under contract in Montgomery County in the last week.
Prince Georges and Howard Counties in Maryland followed with 15% percent of their inventory selling in the first thirty days. Prince Georges County had 30 homes go under contract this week.
And finally, Ann Arundel County continues to be the weakest market at a 13% absorption rate. However, this is an increase of one percent for Ann Arundel County.