Tue Oct 20 2020
This week the median list price for Hanover, MD is $689,000 with the market action index hovering around 73. This is less than last month's market action index of 74. Inventory has held steady at or around 7.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$689,000|
|Per Square Foot||$249|
|Days on Market||56|
|Strong Seller's Market|
The market seems to have paused around its high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$899,000||3,660||1 - 2.5 acres||8||4||62||0||0||203|
|$761,650||3,876||0.5 - 1 acre||4||4||3||0||1||31|
|$637,000||4,081||0.25 - 0.5 acre||4||3||6||1||3||42|
|$422,200||1,509||0.25 - 0.5 acre||3||2||39||0||1||21|