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Severna Park Housing Market Statistics for November

New pendings and new under contracts in Severna Park are on the rise in November compared to last year. This may lead to a spring market recovery for real estate.

Active and new listings for sale in Severna Park are remaining stable, while new under contract and pending sales are up compared to november of last year. This should have a positive effect by reducing the available inventory for the spring market in 2012. Currently, we have a 13 month inventory of houses for sale.

The days on market of 125 is down by 5.30 percent when compared to November of last year. Prices for solds houses range from $240,000 to $1,400,000 which give all homebuyers an opportunity to call Severna Park home.

The following link takes you to the detailed report http://tiny.cc/j0bsn

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