Lately, I've been running a series on real estate market trends for 10 zip codes in the MD Suburbs that I service on a pretty regular basis. So far I've run the charts for:
What I've seen so far is not encouraging. Prices are still continuing to decline and Day on Market are continuing to increase. All this tells me is that the foreclosure and short sale market is continuing to be a drag regardless of Government home buyer tax credits.
That being said, so far I've only written the blog posts with the charts and stats tables for towns in Prince George's County, MD. Prince George's has been the hardest hit with the housing downturn in the MD Suburbs. I have a few more Prince George's towns to hit and then it's over to Montgomery County, MD.
I actually did a Contrast and Compare post awhile back between College Park, MD and Bethesda, MD. The towns have some similarities but the difference in the housing market is eye popping considering they're really only about 17 miles apart. It's amazing what a little trip around the Beltway can do for you!
I've posted about Points A, B and C (see above) so far. I'm heading to the others in the days ahead.