SEPTEMBER 2019 MARYLAND Housing Statistics

By
Real Estate Broker/Owner with Mackintosh REALTORS 82894

 

                           MARYLAND HOME PRICES CONTINUE TO CLIMB

 

 

Annapolis, MD, (October 15, 2019) -
 
Residential units sold increased by 6.9 percent in September compared to the same period in 2018, according to housing statistics released by Maryland REALTORS®. Average home prices rose by 3.4 percent while the median price increased by 5.2 percent compared to the same time in 2018.
 
"The average sales prices increased from $333,201 to $344,441 and the median price increased from $290,000 to $305,000 in September compared to the same time in 2018," said Maryland REALTORS® President John A. Harrison. "Pending units (units under contract) saw an increase from 6,160 units in 2018 to 7,759 units this year. These numbers are encouraging and the number of new listings in some areas may indicate a robust fall market."
 
"On the other hand, while sales and prices continue to see steady growth, months of inventory statewide remain low, continuing recent declines, with an average of 3 months this year," continued Harrison. "Those numbers are even lower in the suburban counties of D.C. and Baltimore, causing affordability concerns for working individuals and families."
 
Maryland monthly housing statistics are compiled by data as reported by MRIS/Bright MLS. For the purposes of this report, "units" are defined as the closed sales and "pending units" are properties under contract. Months of inventory are based on the current active inventory and monthly sales for the corresponding month.
 
NOTE: UNITS ARE THE "UNITS" SOLD, PENDING ARE UNDER CONTRACT.

*Months of inventory based on current active inventory and monthly sales for the corresponding month; Data are revised on a regular basis. Readers of these reports should note that older reports have not been adjusted to reflect these revised data. This report, however, contains the latest reliable data to date.
 
**Maryland REALTORS® publishes the Maryland Housing Statistics monthly; it is available through the Association's website, www.mdrealtor.org.
 
 
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.

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Maryland Frederick County
Tags:
frederick maryland real estate
real estate frederick
maryland housing statistics
mackintosh realtors
frederick county housing statistics

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,651,073
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thank you for keeping us posted and up to date. Best of luck!

Oct 16, 2019 10:50 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
301,243

Buzz Mackintosh

“Experience, reliable, leadership”
Ask me a question
*
*
*
*
Spam prevention