Broadneck Home Market Analysis Shows Dip in Median Price
The median sale price of a home in 2012 was $320,000, but in 2013, that number dropped to $302,000.
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 …
