Market activity as reported by the Metropolitan Regional Information Systems, Inc,
of residential transactions (there is some new construction included).
For Severna Park, Maryland, zip code 21146, for all homes reported:
For the month of December 2016, total sold dollar volume was $18,395,754 with 33 sales.
For the month of December 2015, total sold dollar volume was $18,816,959 with 32 sales.
This is an decrease of 2% in dollar terms, and an increase of 3% in unit terms (one more sale!).
Average sold price in December 2016 was $557,447 .
Average sold price in December 2015 was $588,030.
This is a decrease of 5% .
Total New Listings: 27
Total New Pending (under contract): 19
Average days on the market for homes that sold in December 2016 was 108 versus 93 in December 2015,
an increase of 16% (i.e., not an improvement!).