Calvert County Home Prices Improve

By
Real Estate Agent with Berkshire Hathaway Home Services McNelis Group Properties

Calvert County Home Prices Improve - The September 2010 data confirms a gradual trend toward price improvement for Calvert County, MD. Cumulative average sales prices for 2010 were off over 30% since the peak prices of 2006 and off over 10% since year end 2009 in April. Data for May through September indicates over 5% improvement since the largest decline(-31.09%) from peak and since April's -10.31% decline from year end 2009. That improvement is also in a consistent range (-25.17- -26.53% since peak, -4.39 - -6.25% since year end 2009) reflecting stabilization and signs that point to the possibility that improvement can be sustained.

In contrast, recent news of halting foreclosures is leading to considerable speculation as to how that will impact the market. At the moment that could possibly be good news for sellers who are not in foreclosure situations. The next few months should be very interesting as this evolves.

Calvert County Home Price Improvement

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Comments (2)

Tim Maitski
Atlanta Communities Real Estate Brokerage - Atlanta, GA
Truth, Excellence and a Good Deal

That's nice to see that things might be turning.

Oct 13, 2010 01:16 AM
Susan Thompson-Solomons
Berkshire Hathaway Home Services McNelis Group Properties - Solomons, MD
Southern MD Real Estate-Solomons Specialist

I know all markets are different, but there are some positive signs here.

Oct 13, 2010 02:34 PM