These stats are for the 20814 zip code and the price range of $600- $799K so it's right in the range of what you are looking for. I've broken them up by quarters because it's easier to look at.
Market Activity:
This shows by quarters how much activity there as been in the market – new listings, contract, etc. There is more market activity in most areas this year compared to prior years. In some areas it's affecting price but here with the proximity to Metro and downtown, price is still increasing.
Pricing Trends:
Price is up significantly from second quarter last year. When we think about appraisals being so critical, as long as the appraisers are keeping up with the market they are not an issue. If we look at Chelsea, it looks like $730-$750K is a good range for it, yet it could appraise at its list price given the current market conditions. It will sell fast and may go at list.
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List to Sale Ratio:
This is how much of asking price the sellers keep. In the spring the sellers got more than last fall. Could be good if that were true this year!
Days on Market:
They are higher everywhere – likely due to the increased market activity with more homes on the market – but they are still not very high at all. Anything over two weeks is really an eternity.
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