Home sales in the Severna Park market dipped below its average sales volume for the prior 12-month period. In this week's report, they slid 18.6% to 35 homes sold over the last 30 days. Meanwhile, close-by Glen Burnie reported 68 homes sales, the highest number from all the surrounding cities. The median sales price of all transactions in Severna Park did not budge this week, remaining at $470,000. Despite the slip in sales, a relatively low three months of inventory indicates that Severna Park is a seller's market.
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