Every seller wants to know how long their house is going to be on the market. That is an absolutely fair question and one, unfortunately, that no agent can really answer. So what do you do? I would suggest that you can at least get some idea by looking at data. Let’s go with a simplistic comparison.

Crofton currently has 170 active homes on the market for sale. Last month, May, 25 homes sold in Crofton. Dividing the 25 homes sold in May into the 170 active Crofton listings gives us a 6.8 month inventory of homes, assuming no other homes come on the market in Crofton.

This is a simplistic example that an agent can refine by comparing like for like types of housing.

Almost 7 months of inventory is going to take a while to sell off during the dog days of summer.

Nevertheless, it looks like the Crofton MD real estate market is selling a little more than one home per business day and that’s not too bad.

If you would like more detailed information about Crofton real estate or Annapolis MD real estate, give me a call at 443-995-9595.