Maryland: August Housing Statistics

Maryland: August Housing Statistics

The Housing Statistics for Maryland for August 2017 versus August 2016 are as follows:

Maryland 2017  (percentage change from 2016 to 2017)

Sold Units: 8,003  (1.5%)

Average Sold Price: $333,352  (3.8%)

Median Sold Price: $287,816  (3.4%)

Under Contract: 8,824  (-0.6%)

Active: 23,758  (-12.1%)

Maryland 2016

Sold Units: 7,882

Average Sold Price: $321,008

Median Sold Price: $278,347

Under Contract: 8,337

Active: 27,019

Baltimore County 2017  (percentage change from 2016 to 2017)

Sold Units: 1,059  (6.0%)

Average Sold Price: $289,218  (7.5%)

Median Sold Price: $236,000  (4.9%)

Under Contract:  1,009 (-7.2%)

Active: 2,605  (-13.8%)

Baltimore County 2016

Sold Units: 999

Average Sold Price: $269,111

Median Sold Price: $225,000

Under Contract: 1,087

Active: 3,021

Harford County 2017  (percentage change from 2016 to 2017)

Sold Units: 362  (-9.3%)

Average Sold Price: $294,845  (9.9%)

Median Sold Price: $265,000  (8.7%)

Under Contract: 370  (-6.8%)

Active: 1,010  (-17.5%)

Harford County 2016

Sold Units: 399

Average Sold Price: $268,317

Median Sold Price: $243,900

Under Contract: 397

Active: 1,224

In both, Maryland and Baltimore County, a comparison of August 2016 versus August of 2017 shows the number of sold properties increased along with an increase in the average and median sold prices.

In both, Maryland and Baltimore County, a comparison of August 2016 versus August 2017 shows the number of available properties (inventory) decreased.

Typically, this trend will result in a further increase in prices and shorter times on market.

In Harford County, a similar trend to that of Maryland and Baltimore County is taking place, except that the inventory is decreasing at a faster pace, which has resulted in a steeper increase in prices.