Boyds home sales saw the following changes in February 2016 compared to last year at this time:
– average sold price in February 2016 was $451,650 compared to last year’s $372,500
– average days on market to sell a home decreased to 136 days in February 2016 from 202 days in February 2015
– average sold price sellers were getting saw no significant change from 95.6% in 2015 to 96.4% in 2016
– market activity is summarized in the following chart(mouse over for details):
In February 2016 there were 2 single family homes and 4 townhouses sold.
Do you want to stay up to date on what homes are selling for in your neighborhood? Then sign up for our Boyds Home Sales Report.
The chart below shows the proportion of the original listing price a home seller is getting when they sell, taking into account price reductions. There were no cash buyers (often investors) in February 2016.
In February 2016, the average days on market was 136 compared to 202 days during the same time last year. You can see more market statistics in our Boyds Real Estate Market Trends Report.
Call Bob Myers of Re/Max Realty Services at 301-910-9910 if you have any questions about the value of your home or the real estate market.