Statistics for Maryland housing were release for May by Maryland REALTORS.
"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 the market through the summer," added Campbell, "This would help to maintain the balance that has allowed prices to increase at a sustainable pace. The lack of new housing stock continues to impact inventory and by default prices. National and local statistics suggest absence of any significant new home stock will potentially contribute to steady price increases in many markets throughout the state."
Frederick County inventory remains low. If you are considering selling a property now would be the ideal time. Feel free to contact me if you have any real estate questions or considering selling or purchasing a property soon.
