SALES CLOSED THIS WEEK – 7

7 sales closed this past week, at an average price of $803K (excluding 1 condo sale) and an average of 17 days on market. 5 of the 7 homes were on the market less than 1 week. Of note, 213 Cypress Creek Rd sold for $701K, $166K (31%) over asking!!

5 homes sold this week last year, at an average price of $712K and an average of 21 days on market.

HOMES UNDER CONTRACT THIS WEEK – 8

8 homes went under contract this week, including 500 Kegworth Ct in Chartridge, which had been on the market over 200 days, and 235 Finnegan Dr in Brittingham, which had been on the market for 110 days. All other homes had been on the market less than 1 month. 4 homes went under contract this week last year.

ACTIVE LISTINGS FOR THE WEEKEND – 30

As of Friday, November 7, there are currently 30 active resale listings in the Severna Park school district, with a median asking price of $825K and DOM of 42 days. There were 17 resale homes active on this date last year. There are currently 5 homes listed as Coming Soon. See the currently active listings here.

PRICE DROPS THIS WEEK – 6

4 of the active listings have had price drops within the past week, continuing the trend we’ve been noting for the last several weeks as we approach the holiday season.