There were more homes sold in Nottingham in the month of March than there were in February or in March of last year. The Average Sold Price, however, was down both from February's average, a decrease of about $27,000, and also from last year's, about $10,000. The Average Days on Market remained fairly consistent, with an average of 154 days.
We also saw some decreases in price for both the attached and the detached homes. The Attached Average Sold Price was roughly the same as the month before, however was down from 2011 about $13,000. The Detached Average Sold Price had decreased about $86,000 from last month in Feburary, as well as almost $18,000 from March 2011.
Real Estate Numbers - White Marsh, 21162 March 2012 February 2012 March 2011 Baltimore Co. March 2012 Average Sold Price $303,500 $275,000 $196,333 $219,799 Number of Homes Sold 2 2 3 562 Average Days on Market 122 313 118 139 Attached # Homes Sold 0 0 0 225 Attached Average Sold Price - - - $159,388 Detached # Homes Sold 2 2 3 337 Detached Average Sold Price $303,500 $275,000 $196,333 $260,132
Even though these local real estate numbers by zip code give us a lot of information about how our local market is doing, much depends on the inventory sold that month. For example, a single family home's value can vary immensely by square footage, number of bedrooms and bathrooms, updates to the home, etc. Because of such variation, we expect the numbers each month to fluctuate a bit based on the inventory sold in that month.
If you would like to get more information specific to your type of home and your subdivision or immediate neighborhood, feel free to contact me by email at Rebecca@RebeccaJenkinsRealtor.com for this information.