New Weakening in Contracts for South Laurel Real Estate Market

Over the last 30 days, the South Laurel market was steady and saw 12 homes sold. However, the number of pending transactions continued to decline, with a total of 13 transactions during the same period. While contracts numbers fell, prices dropped as well. This week's reported median sales price of $315,000 continued a four-week downward trend. There are only two months of inventory available in South Laurel, so it's still a definite seller's market, despite the falling contracts numbers and prices.

Trying to find an affordable a home? Take a look at these low-priced listings in South Laurel:

$165K   $192K   $265K  

Get started right now by checking out South Laurel homes for sale or reviewing South Laurel real estate trends.

Demographic facts about South Laurel:

  • The median house value here is $300,200.
  • Average number of rainy days is 101 per year. (U.S. average: 100)
  • The area's unemployment rate is 6.5%.
  • The student-to-teacher ratio is 15.5:1. (15.3:1 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
RE/MAX United Real Estate
65 reviews
Keller Williams Capital Properties
Snapped 2 homes in this area
Powerhouse Realty
Snapped 6 homes in this area

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