A few stats about the 21146 Real Estate market that I find interesting…
| New Pendings 3/20-4/20 | |||||
| 2020 | 2019 | 2018 | |||
| Under 400K | 7 | 7 | 12 | ||
| 400-500 | 5 | 16 | 11 | ||
| 500-600 | 7 | 11 | 16 | ||
| 600-700 | 5 | 8 | 8 | ||
| 700-800 | 2 | 3 | 4 | ||
| 800+ | 2 | 7 | 5 | ||
| 28 | 52 | 56 | |||
| New Listings | 33 | 79 | 79 | ||
Some additional info…
- # of new contracts 3/20-4/20 is down 46% from last year and 50% from 2018, but # of new listings over the same time period is down 58% from both years.
- % of homes listed 3/20-4/13 and under contract by 4/20 is 48% compared to 37% and 42% in ’19 and ’18
- While it is too early to know the closing prices for post-covid homes, asking prices for houses going under contract since 3/20 are fairly consistent with prior years
Hard to draw conclusions from such a limited sample, but it does appear there is still a lot of demand for houses in Severna Park, and while the overall market is undoubtedly down, as a percentage of available listings, the market seems very strong.
