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Olney, MD Real Estate Market Analysis for Buyers and Sellers of Olney Homes

Olney, MD Real Estate Market Analysis for Buyers and Sellers of Olney Homes

Olney, MD home sales are strong. Period. Anyone who tells you different isn’t looking at the facts. Facts you say? Facts! Here’s is the Olney, MD real estate market analysis for buyers and sellers of Olney homes for the period of July 1, 2010, through July 31, 2010 (versus the same time period in 2009).

 

2010 2009 % Change
Total Sold Dollar Volume: $8,859,400 $10,082,574 -12.13%
Average Sold Price: $369,142 $373,429 -1.15%
Median Sold Price: $338,750 $340,000 -0.37%
Total Units Sold: 24 27 -11.11%
Average Days on Market: 42 104 -59.62%
Average List Price for Solds: $385,377 $402,850 -4.34%
Avg Sale Price as a
percentage of Avg List Price:
95.79 % 92.70%

 

What are the highlights?

  • The median sold price has remained stable
  • Average days on market has decreased by almost 60% – Is pricing getting more realistic?  Yes!
  • List price versus sale price is steadily increasing – Is pricing getting more realistic?  Yes!

The market remains strong according to my Olney, MD real estate market analysis for buyers and sellers of Olney homes.

Questions or comments? Let me know because I specialize in homes for sale or rent in Maryland, and work out of Oatland Farm in Olney, MD.

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