Weekly Market Update Housing Report Mid Atlantic November 28, 2011

For Week Ending November 19, 2011

Weekly Market Update Report Quick Facts

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CHANGE IN NEW LISTINGS          CHANGE IN PENDING SALES       CHANGE IN INVENTORY

                   -13.1%                                            +18.1%                                         -23.4%

Data current as of November 28, 2011

New Listings Pending Sales Inventory recent data show buyers continued to exceed their November 2010 purchase volumes. Sellers weren’t so keen, posting fewer newly-listed properties on the MLS than at this time last year. With roughly 87.5 percent of 2011 data in the books, the clever observers will start snapping sneak peeks of annual statistics and watching YTD numbers a little closer than usual In the Mid-Atlantic region, for the week ending November 19:

• New Listings decreased 13.1% to 2,508

• Pending Sales increased 18.1% to 2,271

• Inventory decreased 23.4% to 50,326

For the month of October:

• Median Sales Price decreased 5.7% to $249,900

• Days on Market increased 14.7% to 95

• Percent of Original List Price Received decreased 0.5% to 92.4%

 

About Chris Weymouth & The Weymouth Group, LLC and the TheMDRealEstateBlog.com: Your number one source for Maryland Real Estate Blogs, News, Videos, and more!

Chris Weymouth, Director, Certified Luxury Home Marketing Specialist, CLHMS and Debbie Weymouth, Manager, have marketed and sold over 4000 homes in Maryland since 1983. Expertly trained and award winning agents, they are leaders for The Weymouth Group at Keller Williams that has been recognized by their peers as one of the best in the business. Chris Weymouth is ranked in the top 1% at Keller Williams Select Realtors, top 1% in Howard County and Maryland among Realtors. Serving Central Maryland and all our friends and family for almost 60 years.  Need a Luxury Home Marketing and Buyer Specialist in Howard County (Ellicott City, Woodstock, Clarksville, Marriottsville, Fulton, Laurel, West Friendship, Glenelg, Columbia, Elkridge, Dayton, Mt. Airy, Woodbine and more), Carroll County (Elkridge & Sykesville), Baltimore County  (Catonsville, Woodstock, Owings Mills, Pikesville and Reisterstown), Anne Arundel County (Pasadena, Severna Park, Hanover, Severn, Glen Burnie, Annapolis and Odenton), Prince Georges County (Bowie & Laurel), Montgomery County (Silver Spring, Olney, Bethesda and Sandy Spring) or Harford County? We Know This Market! Then call Chris at 443-280-1922 or email at chrisweymouth@kw.com.
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