Crofton Maryland Real Estate Update - November 2008
By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
Last month's Crofton real estate prices were a pleasant surprise when MRIS released them this morning. Even though I've been a Crofton Realtor for over 30 years, and a student of local real estate statistics as long as they've been available, I couldn't be sure what to expect in November 2008. There's so much talk in the media about how terrible the real estate market is, but that seems to be contradicted by the amount of activity in my own office - and I know from experience that "all real estate is local." Based on MRIS statistics published this morning, any "down" in Crofton home prices is in PERCEPTION, not fact. The truth is that the average sold price was higher last month than any November in the three previous years, as was the median sold price. What IS down is the number of...
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