Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

MAY 2019 MARYLAND Housing Statistics
                                            MARYLAND HOME PRICES CLIMBED IN MAY
 
 
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.

Of note, units sold experienced a drop of 1.8 percent due in large part to the drop in settled sales in Baltimore City as a result of the widely-reported ransomware attack.
"The average and median housing sale prices both climbed at reasonable rates in May", said Maryland REALTORS® President Merry Tobin. 

The May statewide average sales price was $367,018 compared to $352,569 in 2018, while median sales price increased to $312,500 from $300,000. Added Tobin, "This jump of 4.1 percent and 4.2 percent, respectively, is robust and may, in the long term, have a negative impact on housing affordability." ... more

__________________________________________________
Are you on The Rain? Grow Your Network!