The 20148 zip code market showed strong improvement in this week's report, as the number of home sales climbed 13.6%, pushing the total to 50 homes sold over the last 30 days. To put it in perspective, the close-by 20147 zip code registered 97 homes sold in the same period, the most of all surrounding zip codes. Prices were able to climb as this week's reported median sales price of $479,995 continued a four-week upswing. The rising prices, along with the fact that there are a lower-than-normal three months of inventory, drive home the fact that the 20148 zip code is a seller's market.
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