Maryland real estate prices in Montgomery and Prince Georges Counties continue to fall.   Every month since January the average sold price and medium sold price has declined significantly.

This price decrease has resulted in more sales this year as compared to last year in Maryland.

First time home buyers have been coming back into the Maryland real estate market for over a year now.  Low interest rates, low prices and numerous government incentives have help to push buyers off the fence.

Some markets in Maryland have seen multiple offers on homes.  I have worked with a buyer who has been beaten out on three homes in Silver Spring Maryland.

Buyers are now considering foreclosure homes that need work.  The FHA 203K rehab loan is becoming more and more popular.  These homes are bought way below market and banks are giving buyers money to rehab the homes.

For more information about Maryland home sales, visit Maryland real estate.