Mon Dec 09 2019
This week the median list price for Olney, MD is $1,101,995 with the market action index hovering around 46. This is an increase over last month's market action index of 41. Inventory has held steady at or around 17.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,101,995|
|Per Square Foot||$215|
|Days on Market||128|
|Strong Seller's Market|
The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,237,995||5,737||0.5 - 1 acre||4||3||0||0||0||178|
|$1,149,995||8,428||0.5 - 1 acre||4||4||2||0||0||113|
|$877,000||3,455||0.5 - 1 acre||4||3||22||0||3||175|
|$477,500||2,324||0.25 - 0.5 acre||4||2||47||0||1||63|