In a previous post Greenbelt, MD Market Conditions I showed some charts about the real estate trends for single family homes in Greenbelt, MD. This post shows the trends for townhouses and condos.

90-day stats for Condo properties in
GREENBELT, MD as of December 4, 2009
Median List Price $164,729 Average List Price $167,005
Total Inventory 140 Price per Square Foot $161
Average Home Size 1,051 Median Lot Size n/a
Average # Beds 2.17 Average # Baths 1.63
Homes Absorbed 6 Newly Listed 6
Days on Market 172 Average Age 45

Here you can see a little bit about the activity of the sales and new homes coming on the market.

Median Price for homes in GREENBELT, MD All ZIP Codes

Median Price for homes in GREENBELT, MD All ZIP Codes as of December 4, 2009 is $164,729
Inventory for homes in GREENBELT, MD All ZIP Codes

Inventory for homes in GREENBELT, MD All ZIP Codes as of December 4, 2009 is 140
Average Days on Market for homes in GREENBELT, MD All ZIP Codes

Average Days on Market for homes in GREENBELT, MD All ZIP Codes as of December 4, 2009 is 172

Just like the single family homes, these home prices are still moving in a downward direction even though the charts also show that inventory is decreasing (i.e., fewer homes are coming on the market to replace the homes that have been sold). Days on Market is still increasing which means - just like the single family homes - that the short sale process is slowing things down and prices have not reached a level that is attractive enough to home buyers.

Greenbelt is an interesting town to live in with lots of history and charm. If you are interested in some additional information, here is a good book to check out - Greenbelt, Maryland: A Living Legacy of the New Deal (Creating the North American Landscape)