The trend toward less overall active listings is continuing right into 2012. The number of active listings in Edgewood, MD during the snapshot taken during January of 2011 was down from 176 last year to only 112 this year. This is a 36% decrease, which is in line with the rate of homes sold during the same time period. Only 5 homes changed hands in Edgewood, MD in January- a dip of more than 60% from the same month a year ago.

Since the number of homes that sold was so small, the details regarding their activity really won’t tell us much. Still, it took a whopping 250 days to sell a property in this market, down from the rather palatable 88 days it took last year. The median price for the set of homes that sold in Edgewood was $115,000, and the median price of the active listings in the same market is currently $138,500.

Affordability is still rather high, with interest rates at rock-bottom lows, and prices at what seem to be as low as they will get.