This is a brief summary of the current market conditions in Crofton, MD 21114. For more detailed information contact Rich Iarossi at 443-995-9595.
The February 2022 Closed Sales continue to remain low largely due to lack of inventory and time of year. As you can see the May, June and July time frame is the busiest time of year.
The Days on the Market graph is always telling. Look at how few days on the market a new listing lasts in Crofton. This is a very strong sellers’ market and buyers have to be quick and aggressive when submitting an offer. 6 days in February is next to nothing.
This chart reflects the Sale Price Ratio to the Original List Price. As you can see Crofton listings have been selling at, or over the List Price for the past year. Once again it reflects the strength of the seller’s market. February homes sold over the list price again. The trend continues.