Owings Real Estate Market Extends Downward Trend in Contracts

Sales remained steady from last week to this week, with one home sold in the Owings market over the last 30 days. However, an emerging downturn in the number of pending transactions continued, with zero completed in the same period. The median sales price of all transactions in Owings did not budge this week, remaining at $440,000. Owings is a definite buyer's market with nine months of inventory to choose from, aided by the downturn in contracts.

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Demographic facts for Owings:

  • 4.6% of the people in this area are renters.
  • This area has a job growth projection of 34.6% for the next 10 years.
  • For every librarian there are 794 students in this area. (803 = national average)

Data reported through 1/12/2017

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