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May 2021 Odenton, MD Real Estate Market Conditions

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The Odenton real estate market is currently favoring sellers in a substantial way.  The total sold dollar volume for may was up 79% over the same period last year.  And while in April of last year we were experiencing the first effects of COVID on the real estate market, it is not enough to account for this dramatic increase.  


Real estate inventory was down 27% while new pending sales was up 14%.  The average days on market decreased from 35 to 14 as we see the hottest houses snatched up with multiple offers with just days on the market.  


The average sold price was up 21% and we expect that to continue to increase even as we see a slight slowing of the market in June.


Have a question about recent real estate sales in your city or subdivision?  Visit us online for a free market value analysis of your home.  Whether you are considering selling or are just curious about your homes' value, we'd love to connect with you at www.FortMeadeHomes.com/Selling


The Roskelly Team at Berkshire Hathaway specializes in homes for sale near Fort Meade MD since 1999.  


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