Last week in the College Park market 12 homes went pending. Prices were all over the place ranging from $59,900 - $699,900. We are seeing a steady stream of buyers making offers, in fact, February posted the highest number of pending sales in the past 2 years.

Last week there were 8 closed sales posted. If you're curious, here is a breakdown of the average time it takes to close a sale:
Short Sales: 90 days
Bank Owned: 38 days
Regular Sales: 32 days
As you can imagine, short sales are the most trying on the patience of everyone involved.

ACTIVE LISTINGS: 249
PENDING SALES: 77
CLOSED SALES: 3/22/2010 - 3/29/2010


VACANT LAND
ACTIVE: 30
PENDING: 1
SOLD (1/1/2010 - 3/30/2010): 0

The above numbers for College Park Update come from single family homes, condos and land listed in the MLS in the 32804 zip code.