Crofton MD - Market Report for May 2007
By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
CROFTON MD 21114 Each month, when new sales statistics are published by the Metropolitan Regional Information Systems, Inc. (MRIS) - the multiple listing service for Crofton (21114) - the first thing I look at is the Total New Listings (76) and the Total New Contracts (41). If these numbers are not close, then I can predict the future. How, you might ask? Well, it's a case of Supply and Demand.If 76 property owners in Crofton put their homes on the market in a month when only 41 homebuyers elect to purchase a home, the inventory of homes for sale continues to grow. Under these circumstances, the number of sold units and $ averages will continue to decline, while days on market will continue to increase as we move forward into the summer of 2007.Here is a look at the "official" sales...
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