SALES CLOSED THIS WEEK – 7

7 sales closed this past week, same as last week, at an average price of $912K and an average of 22 days on market. This week last year, 3 homes closed, at an average price of $736K and an average of 50 days on market, inflated by one home that was on the market 116 days.

HOMES UNDER CONTRACT THIS WEEK – 2

2 homes went under contract this week, both with asking prices in the low $500’s. 7 homes went under contract this week last year, all of which had been on the market for over a week.

ACTIVE LISTINGS FOR THE WEEKEND – 33

As of Friday, October 31, there are currently 33 active resale listings in the Severna Park school district, with a median asking price of $837K and DOM of 29 days. This is 5 more than were active the previous Friday. There were 21 resale homes active on this date last year. There are currently 4 homes listed as Coming Soon. See the currently active listings here.

PRICE DROPS THIS WEEK – 4

4 of the active listings have had price drops within the past week. As noted last week, we’ll expect to see price drops as we approach the typical seasonal slowdown at the end of the year.