A three-week rough patch for the overall sales trend continues in the 21849 zip code market, with number of sales staying even at one over the last 30 days. The median sales price of all transactions in the 21849 zip code did not budge this week, remaining at $45,000. The 21849 zip code is a definite buyer's market, due to a downward trend in sales numbers and 11 months of inventory remaining.
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The 21849 zip code market might be cooling in the coming weeks. Sales stayed steady at one home sold over the last 30 days, but there is an established downward trend in the number of new listings, with zero going live in the same time frame. The median sales price in the 21849 zip code stayed put this week at $45,000. The 21849 zip code is a definite buyer's market, due to a big 11 months of inventory left and aided by the flat sales.
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The 21849 zip code market reported another 30-day period of zero home sales this week. The 21849 zip code usually averages 3.7 sales per month.
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21849 is a less affluent than average zip code in Maryland with a median income of $55,130 per household. The population is also considered younger than most with a median age of 41 years. With an ownership ratio of 73.0%, most people in the 21849 zip code are homeowners.
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The 21849 zip code market reported zero sales over the last 30 days. The 21849 zip code usually averages 3.8 sales per month.
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Home sales in the 21849 zip code market remained cold in this week's report as they dropped 33.3% to two homes sold over the last 30 days. Within the same time frame, the 21811 zip code had 37 sales, the most of all zip codes in the area. The median sales price climbed to $75,250, up from last week's $62,501.
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$164K  
Sales retained their current pace and came in at three homes sold in the 21849 zip code market over the last 30 days. However, a six-week upward trend for contracts was extended, with three pending transactions in the same time frame. As contracts trended higher, prices have been falling. The median sales price dropped to $62,501, extending a four-week long spiral.
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$164K  
The 21849 zip code market saw sales remain flat this week with three homes sold over the last 30 days but new listings tumbled to one. The median sales price in the 21849 zip code stayed put this week at $62,501. In spite of flat sales, a low three months of inventory signals that the 21849 zip code is a seller's market.
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$169K  
The number of price cuts in the 21849 zip code market climbed to four over the last 30 days, furthering an identifiable positive trend. Perhaps due to the decreases in list prices, sales increased to three homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price stayed flat at $62,501, and there are a fairly average four months of inventory left to be sold.
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$121K  
The 21849 zip code market got good news this week as sales ticked up to one home sold over the last 30 days to go with a recent upward trend of contracts closing, now up to three. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. The 21849 zip code is a still definite buyer's market with 11 months of remaining inventory, even with the rising contracts numbers.
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