The 20623 zip code market saw four homes go under contract, and failed to break out of an identifiable downward trend. The market had total home sales of five over the last 30 days, maintaining last week's pace. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. While contracts numbers dropped, prices were able to climb. This week's reported median sales price of $315,000 continued a four-week upswing. In spite of contracts trending lower, rising prices and a low two months of inventory signal that the 20623 zip code is still a definite seller's market.
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