New Downward Trend in Contracts for 20771 Zip Code Real Estate Market

Over the last 30 days, the 20771 zip code market was steady and saw one home sold. However, the number of pending transactions continued to decline, with a total of one transaction during the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Pricing in the 20771 zip code remains consistent from last week to this week, with the median sales price at $120,000 again. In spite of contracts trending lower, there are only two months of inventory available, which signals that the 20771 zip code is a still solid seller's market.

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Data reported through 1/12/2017

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