A look at the housing market in Broadneck shows home sale and inventory prices going down, but the number of newer homes on the market increasing over 2012.
Long & Foster Real Estate hosts a Market Minute Snapshot website, which breaks down home sales statistics in a variety of categories.
In comparing January 2012 to January 2013, among the most noteworthy changes are a 56 percent increase in the number of new home listings, and a five percent decrease in the median sale price.
The median sale price of a home in 2012 was $320,000, and after several fluctuations throughout the year, by January 2013 that number dropped to $302,000.
Another factor to consider, particularly among home owners looking to sell, is how long homes stay on the market before being sold. According to Long and Foster, that number has slightly increased, from 83 days on average in 2012, to 97 days on average in 2013.
For more home sales statistics, visit the Long and Foster Real Estate's Market Minute Snapshot.