PRICES ARE INCREASING in MARYLAND AND NORTHERN VIRGINIA - THE MARKET CAN'T BE STOPPED

FOR ACTIVE RAIN MARKET MARKET WATCHERS, THE BELOW INFORMATION COMPILED THIS A.M. SHOWS THAT "THE MORE THINGS CHANGE, THE MORE THEY STAY THE SAME".  

REAL ESTATE IS A GOOD INVESTMENT, ALWAYS HAS BEEN AND APPARENTLY ALWAYS WILL BE.  The price trend is UP for Spring 2007 real estate in the Homefinders.com market area. 

NORTHERN VIRGINIA REAL ESTATE experienced a price increase of about 3%.

The average SOLD price for homes in
Old Town Alexandria in March 2007 was $525,355 /
Homes in Old Town Alexandria SOLD in May 2007, $556,598

Arlington County in March 2007 was $544,834 /
Homes in Arlington County SOLD in May 2007, $592,182

Fairfax County in March 2007 was $529,382 /
Homes in Fairfax County SOLD in May 2007, $566,531

Fauquier County in March 2007 was $369,565 /
Homes in Fauquier County SOLD in May 2007, $482,797 

King George County in March 2007 was $347,389 /
Homes in King George County SOLD in May 2007, $482,797

Loudoun County in March 2007 was $513,066 /
Homes in Loudoun County SOLD in May 2007, $522,782

Prince William County in March 2007 was $408,574 /
Homes in Prince William County SOLD in May 2007, $413,831

Spotsylvania County in March 2007 was $314,696 /
Homes in Spotsylvania County SOLD in May 2007, $347,245

Stafford County in March 2007 was $383,899 /
Homes in Stafford County SOLD in May 2007, $394,338
 

MARYLAND REAL ESTATE experienced a price increase of about 1%.

The average SOLD price for homes in
Anne Arundel County in March 2007 was $395,037 /
Homes in Anne Arundel County SOLD in May 2007, $419,015

Baltimore City in March 2007 was $178,019 /
Homes in Baltimore City SOLD in May 2007, $198,994

Baltimore County in March 2007 was $297,252 /
Homes in Baltimore County SOLD in May 2007, $302,351

Calvert County in March 2007 was $390,941 /
Homes in Calvert County SOLD in May 2007,  $434,005

Carroll County in March 2007 was $395,635 /
Homes in Carroll County SOLD in May 2007, $364,466

Charles County in March 2007 was $349,627 /
Homes in Charles County SOLD in May 2007, $366,232

Frederick County in March 2007 was $340,773 /
Homes in Frederick County SOLD in May 2007, $358,652

Harford County in March 2007 was $296,432 /
Homes in Harford County SOLD in May 2007, $305,652

Howard County in March 2007 was $444,801 /
Homes in Howard County SOLD in May 2007, $469,338

Montgomery County in March 2007 was $520,684 /
Homes in Montgomery County SOLD in May 2007, $592,380

Prince George's County in March 2007 was $333,518 /
Homes in Prince George's County SOLD in May 2007, $335,726

St. Mary's County in March 2007 was $350,559 /
Homes in St. Mary's County SOLD in May 2007, $387,343

Washington County in March 2007 was $251,53 /
Homes in Washington County SOLD in May 2007, $262,725

We're still doing some vigorous negotiating for our buyers, but we're not seeing the dramatic reductions that we saw 6 months ago.  We'll watch this carefully and report back in July 2007. 

Courtesy:  Homefinders.com