Calvert Housing Numbers

Calvert County Housing Market

The post housing bubble blues continue to disappear in Calvert County. The Maryland Association of REALTORS just released the December housing stats. Home sells state wide jumped 10.4 percent from the same time last year. The number is a little less in Calvert County with the increase of 4.7 percent. “This is an encouraging end to a year of recovery,” said MAR President Russ Boyce.  "This level of increase in sales and prices are signs of a stable market.” Boyce says “the continued low level of inventory suggests growing demand that may push prices higher."

The average price of a home in Maryland rose 2.3 percent statewide.  The numbers were better in Calvert County with the average price $341,090, up 4.9% from last year’s $325,179. Prices are still not back to the pre-bubble burst in 2005 at $397, 174.  But it is encouraging that they are back on the rise!  

What does this mean for you as a person in the market to purchase a home?  Simply put, buy sooner than later or you may be paying a lot more for your home down the road.  In some cases, over the life of a loan, waiting to buy could cost you over $100,000 more when it comes to the totality of your mortgage payments.

The Maryland Association of REALTORS® compiles the stats using data as reported by MRIS and the Costal Association of REALTORS ®.

To see the entire report click here.