SALES CLOSED THIS WEEK – 2
Only 2 sales closed this past week, at an average price of $855K. This week last year, 7 homes closed, at an average price of $1.16M (median $700K)
HOMES UNDER CONTRACT THIS WEEK – 10
10 homes went under contract, most notably 1252 Fenwick Garth in Glen Oban ($3.8M) and 143 Boone Tr in Linstead ($2.75M), which had been on the market for 217 and 181 days, respectively. All other homes had been on the market less than 30 days. 4 homes went under contract this week last year, all of which had been on the market 5 days or less.
ACTIVE LISTINGS FOR THIS WEEKEND – 28
As of Friday, October 24, there are currently 28 active resale listings in the Severna Park school district, with a median DOM of 29 days. There were 16 homes active on this date last year. There are currently 7 homes listed as Coming Soon. See the currently active listings here.
PRICE DROPS THIS WEEK – 7
7 of the active listings have had price drops within the past week. While this is generally a high number (25% of active listings), this definitely makes sense as we approach the typical seasonal slowdown at the end of the year. Only one of the 16 homes active heading into this weekend last year had a price drop in the week prior.
