real estate inventory: Maryland Real Estate Inventory Drops Again
- 05/14/18 02:00 PM
Maryland Real Estate Inventory Drops Again
For nearly two years, the number of homes actively on the market has decreased in year to year same month comparisons.
Based on supply and demand, fewer available homes has led to an increase in prices.
The price increase has been exacerbated by more buyers entering the market.
Fewer available homes and more buyers tends to push prices higher.
This upward push on prices has been happening, in spite of a downward pressure created by higher interest rates and relatively stagnant wages.
Mortgage interest rates were at about 3.5% in mid, 2016, whereas they are at about 4.75% as mid, 2018 … (3 comments)
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real estate inventory: Baltimore Real Estate Market: Prices Go Up; Inventory Goes Down
- 03/11/17 11:06 AM
Baltimore Real Estate Market: Prices Go Up; Inventory Goes Down
The active inventory of homes is at its lowest level in over 10 years.
For 18 consecutive months, there has been a decline in the year-over-year inventory levels.
The median sales price has increased every year since 2011.
The median sales price of $230,000 for February 2017 is up 2.2% from February 2016 and is at its highest February level since 2009.
A shrinking inventory, supply of available homes on the market, considered in isolation, should create an upward pressure on prices just as has been seen over the last few years.
Other factors to consider are … (4 comments)
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Maryland Real Estate Inventory Drops Again
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