maryland real estate: Right-To-Farm ~ Origin of the disclosure
- 02/18/21 09:55 AM
Many agricultural areas in Maryland and throughout the USA have seen buyers purchasing property in rural areas with very little understanding of farm operations. Once there, the inexperienced residents find noises, insects, farm equipment on the roads, smells, and other normal characteristics of agricultural life unexpected and objectionable, and then they complain. In response, all 50 states have created a Right-to-Farm (RTF) law and Maryland introduced a RTF law in 1981.These laws typically shield agricultural operations from complaining non-farm neighbors by limiting the scope of and providing a defense for nuisance actions brought against farms and other agricultural operations. Maryland’s RTF law only provides a defense … (5 comments)
maryland real estate: January 2021 MARYLAND Housing Statistics
- 02/17/21 07:59 AM
Housing Data Shows Strong Sales withInventory Tightening to Below One Month ANNAPOLIS, MD – February 17, 2021 Maryland’s housing market opened 2021 with strong January sales figures that outpaced January 2020 sales by 14.2%. Average sales prices rose to $387,118, an increase of 14.2%, while median sales prices increased 12.4% to $326,000 (including an increase of nearly 90% in Baltimore City). The ongoing concern remains the lack of available inventory, which has now dropped to less than one month. “It’s always good to see the year beginning with strong, robust sales. This January, a house was on the market for about ten days before … (4 comments)
maryland real estate: Signs your septic tank should be pumped
- 02/12/21 08:30 AM
It is recommended that you have your septic tank pumped at least every three to five years. If you have a large family or utilize more water, you may need to have it pumped more often. The more people use your septic tank, the more frequently it will need pumping. The EPA recommends that the sludge and scum should be pumped out of your septic tank when the bottom of the floating scum layer is within six inches of the outlet pipe, or, the top of the sunken sludge layer is within 12 inches of it. However, it is impossible to … (6 comments)
maryland real estate: DECEMBER 2020 MARYLAND Housing Statistics
- 02/10/21 06:05 AM
December 2020 Housing Data Show Strong Sales Despite the Seasonal Slowdown as Inventory Shows Further Tightening ANNAPOLIS, MD – January 26, 2021 Maryland’s December housing market closed out the year with strong sales that surpassed 2019 statistics, with a 22.8% increase in sales, despite the traditional seasonal slowdown. Average sales prices rose 12.8%, while median sales prices increased 11.2%. Months of inventory dropped even further from November 2020’s 1.2 to 1.0 for December. While new listings are up from 5,126 in 2019 to 6,515 in 2020, it also represents a 43.1% decrease in the number of new listings from October … (2 comments)
maryland real estate: Trade Name ~ Nickname
- 02/08/21 08:57 AM
Does your State allow you to use your nickname as your trade name? In the State of Maryland as a result of the enactment of House Bill 704 during the 2002 session of the Maryland General Assembly, licensed real estate associate brokers and salespersons are eligible to register a nickname with Real Estate Commission and thereby hold themselves out to the public by that nickname.For years one of the State Association's CE instructors has used me as an example of this law that was passed during his classes. There is a $25 fee to register and the State will send you a … (2 comments)
maryland real estate: August Housing Data Reveals a Robust Summer Market
- 09/30/20 10:27 AM
August Housing Data Reveals a Robust Summer MarketAmidst Declines in Inventory ANNAPOLIS, MD - September 28, 2020 Maryland’s August housing market demonstrated substantial recovery from spring’s COVID-related disruptions, according to housing statistics released by Maryland REALTORS®*. Data from June through August show both an increase in average and median home prices, and a decline in months of available inventory, echoing nationwide trends and sparking concern over housing imbalances. “The average sales price increased year-over-year from $361,823 to $402,452 and the median price increased from $310,000 to $340,000, growth of 11.2 percent and 9.7 percent, respectively” said Maryland REALTORS® President John … (2 comments)
Annapolis, MD, (September 25, 2019) - Residential housing prices made gains in August compared to the same period in 2018, according to housing statistics released by Maryland REALTORS®. Average home prices rose by 2.7 percent while the median price increased by 3.3 percent as compared to the same time in 2018. "The average sales prices increased from $352,458 to $361,901 while median increased from $300,000 to $310,00 in August compared to the same time in 2018," said President Merry Tobin. "Pending Units (units under contract) saw a healthy increase from 7,079 units in 2018 … (0 comments)
maryland real estate: JULY 2019 MARYLAND Housing Statistics
- 08/16/19 11:58 AM
Maryland Housing Prices Jumped In July Annapolis, MD, (August 16, 2019) - Residential housing prices jumped in July compared to the same period in 2018, according to housing statistics released by Maryland REALTORS®. Average home prices rose by 6.2 percent while the median price increased by 8.0 percent as compared to the same time in 2018. “The average sales prices jumped from $281,567 to $299,098 while median jumped from $250,000 to $270,00 in July compared to the same time in 2018,” said President Merry Tobin. “Pending Units (units under contract) also saw a jump from 9,927 units in 2018 to 11,291 units this year. These … (2 comments)
Annapolis, MD, (July 18, 2019) - Residential housing prices continued to climb in June compared to the same period in 2018, according to housing statistics released by Maryland REALTORS®. Average house prices rose by 4 percent while the median price increased by 3.1 percent as compared to the same time in 2018. "The units pending (units under contract) jumped to 9,262 from 8,047 in 2018, while active inventory decreased from 3.6 months in 2018 to 3.1 months in 2019," said Tobin. A 6 month to 6.5-month supply is considered to be a balanced … (0 comments)
Annapolis, MD, (June 13, 2019) - Residential home prices climbed in May compared to the same period in 2018, according to housing statistics released by Maryland REALTORS®. Average home prices rose by 4.1 percent while the median price increased by 4.2 percent as compared to the same time in 2018. "The units pending (units under contract) jumped to 10,108 from 8,571 in 2018, while active inventory decreased from 3.5 months in 2018 to at 3.1 months in 2019", continued Tobin. A 6 month to 6.5-month supply is considered to be a balanced market. … (2 comments)
Annapolis, MD, (May 16, 2019) - Residential home prices climbed in April compared to the same period in 2018, according to housing statistics released by Maryland REALTORS®. Average home prices rose by .6 percent while the median price increased by 3.5 percent as compared to the same time in 2018. "The average and median home sale prices both climbed moderately in April", said Maryland REALTORS® President Merry Tobin. "The pending units jumped to 10,228 while active inventory remained the same at 2.9 months," continued Tobin. A 6 month to 6.5 month supply is considered to be a balanced … (1 comments)
maryland real estate: March 2019 MARYLAND Housing Statistics
- 04/26/19 07:43 AM
MARCH MARYLAND HOME PRICES CONTINUED TO REMAIN STABLE Annapolis, MD, (April 24, 2019) - Residential home prices continued to remain stable in March compared to the same period in 2018, according to housing statistics released by Maryland REALTORS®. Median home prices rose by 3.6 percent while average prices dropped by .1 percent as compared to the same time in 2018. "The median residential home and average sale prices both continued to remain stable in March", said Maryland REALTORS® President Merry Tobin. "The months of available inventory also jumped to 3.2 months in March," continued Tobin. A 6 month to 6.5 month … (0 comments)
maryland real estate: FEBRUARY 2019 MARYLAND Housing Statistics
- 03/15/19 04:20 PM
MARYLAND HOME PRICES REMAINED STABLE IN FEBRUARY Annapolis, MD, (March 15, 2019) - Residential home prices remained stable in February compared to the same period in 2018, according to housing statistics released by Maryland REALTORS®. Average home prices rose by 2.9 percent while median prices rose by 3.3 percent as compared to the same time in 2018. "The average residential home and median sale prices both remained stable in February", said Maryland REALTORS® President Merry Tobin.
"The months of available inventory also increased to 4.2 months in February," … (0 comments)
MARYLAND HOME PRICES MADE SIGNIFICANT GAINS IN JANUARY
Annapolis, MD, (February 27, 2019) - Residential home prices made significant gains in January compared to the same period in 2018, according to housing statistics released by Maryland REALTORS®. Average home prices rose by 5.1 percent while median prices rose by 5.0 percent as compared to the same time in 2018. "The average residential home and median sale prices both made significant gains in January," said Maryland REALTORS® President Merry Tobin.
"The months of available inventory also increased to 4.6 months in January," continued Tobin. A 6 to 6.5-month supply is considered … (2 comments)
maryland real estate: Maryland housing statistics for November / December
- 01/18/19 10:14 AM
Annapolis, MD, (January 17, 2019) - Residential home prices continued to make gains in November and December compared to the same period in 2017, according to housing statistics released by Maryland REALTORS®. Average home prices rose by 2.2 percent and 2.8 percent respectively, while median prices rose in the last two months of 2018 by .7 percent and 4.4 percent as compared to the same time in 2017. "The average residential home and median sale prices both continued to make gains in November and December", said Maryland REALTORS® President Merry Tobin.
"The months of available inventory fluctuated from … (2 comments)
Annapolis, MD, (June 12, 2018) - Residential home inventory and prices climbed in May compared to the same period of 2017, according to Maryland REALTORS. Average home prices rose by 4.1 percent for the fourth month in a row, while median prices increased by 4.0 percent as compared to the same time in 2017. "We continue to see increases in average and median residential home sale prices, while the months of available inventory remained steady compared to 2017," said Maryland REALTORS President Boyd Campbell. "We hope to see more available inventory on … (2 comments)
maryland real estate: Maryland installs 31 year REALTOR® member as Governor !
- 01/19/15 09:04 AM
In Maryland we are very fortunate to have had the "ideal" REALTOR® party candidate in Larry Hogan which the real estate community helped elect to the highest office in the State. One of the biggest surprises, "upsets", on election night was Larry Hogan's convincing 53% to 46% margin of victory over Lt Governor Anthony Brown in a deep blue state. Maryland's voters were fed up with the past eight years of Governor Martin O'Malley's oppressive tax increases , stringent environmental and government over reach. Hogan provided a strong message and vision of economic development as a remedy to reverse the mass exodus of businesses and residents from the Old … (3 comments)
Many agricultural areas in Maryland and throughout the USA have seen buyers purchasing property in rural areas with very little understanding of farm operations. Once there, the inexperienced residents find noises, insects, farm equipment on the roads, smells, and other normal characteristics of agricultural life unexpected and objectionable, and then they complain. In response, all 50 states have created a Right-to-Farm (RTF) law and Maryland introduced a RTF law in 1981.These laws typically shield agricultural operations from complaining non-farm neighbors by limiting the scope of and providing a defense for nuisance actions brought against farms and other agricultural operations. Maryland’s RTF law only provides a defense … (5 comments)
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