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Maryland Home Sales Continue to Climb in April
Maryland Home Sales Continue to Climb in April
Maryland Home Sales Continue to Climb in April
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June 5, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums continued to be strong in Maryland during April following March’s nearly 30 percent jump but still couldn’t match last year’s tally according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 4,546 existing single-family homes and condos were sold in the Old Line State in April. That was 7.6 percent higher than the 4,225 homes sold in March but still 2.2 percent lower than the 4,649 homes sold in April 2011.

The median sales price for an existing home in Maryland increased by 10.8 percent in April to $249,975, up from $225,601in March and was 10.6 percent higher than the median price of $225,990 in April of last year.

Of the 24 counties that provide data for the monthly report, only eight of the counties reported gains in home sales over the previous year with Talbot County (+77.3 percent) reporting the largest increase of counties with over 20 sales while Worcester County (-26.8 percent) posted the largest monthly decline in sales.

Montgomery County recorded the most sales for the month with an estimated 872 home sales, up from 730 the previous month, while Prince George’s County followed with an estimated 649 home sales for the month, down slightly from 653 in March.

Year-over-year, twenty-one counties posted an increase in their median prices or were unchanged from the previous month with the largest increase posted by Talbot County (+88.3 percent) with Washington County (-6.7 percent) posting the largest decline in prices of counties that had a minimum of 20 sales.

The total number of homes available for sale increased slightly in April with 28,607 homes actively available. That’s up slightly from 27,280 in March but down from 37,860 in April of 2011.

The increased home sales and the continuing low inventory left the state with an average 6.3 months supply of homes available for purchase, down from an 8.1 months supply in March and also down from the same amount a year earlier.

Tags: existing homes, condos, sales, median home prices, Maryland

Source:
MAR

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Mortgage
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Estimate your monthly mortgage payment
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Determine how much car you can afford before buying
Learn About
Mortgage Loans
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15 Year vs 30 Year
Loan Comparison
Compare 15 year and 30 year mortgage loans
Todays Mortgage
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June 5, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums continued to be strong in Maryland during April following March’s nearly 30 percent jump but still couldn’t match last year’s tally according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 4,546 existing single-family homes and condos were sold in the Old Line State in April. That was 7.6 percent higher than the 4,225 homes sold in March but still 2.2 percent lower than the 4,649 homes sold in April 2011.

The median sales price for an existing home in Maryland increased by 10.8 percent in April to $249,975, up from $225,601in March and was 10.6 percent higher than the median price of $225,990 in April of last year.

Of the 24 counties that provide data for the monthly report, only eight of the counties reported gains in home sales over the previous year with Talbot County (+77.3 percent) reporting the largest increase of counties with over 20 sales while Worcester County (-26.8 percent) posted the largest monthly decline in sales.

Montgomery County recorded the most sales for the month with an estimated 872 home sales, up from 730 the previous month, while Prince George’s County followed with an estimated 649 home sales for the month, down slightly from 653 in March.

Year-over-year, twenty-one counties posted an increase in their median prices or were unchanged from the previous month with the largest increase posted by Talbot County (+88.3 percent) with Washington County (-6.7 percent) posting the largest decline in prices of counties that had a minimum of 20 sales.

The total number of homes available for sale increased slightly in April with 28,607 homes actively available. That’s up slightly from 27,280 in March but down from 37,860 in April of 2011.

The increased home sales and the continuing low inventory left the state with an average 6.3 months supply of homes available for purchase, down from an 8.1 months supply in March and also down from the same amount a year earlier.

Tags: existing homes, condos, sales, median home prices, Maryland

Source:
MAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use
Helpful Tools

June 5, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums continued to be strong in Maryland during April following March’s nearly 30 percent jump but still couldn’t match last year’s tally according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 4,546 existing single-family homes and condos were sold in the Old Line State in April. That was 7.6 percent higher than the 4,225 homes sold in March but still 2.2 percent lower than the 4,649 homes sold in April 2011.

The median sales price for an existing home in Maryland increased by 10.8 percent in April to $249,975, up from $225,601in March and was 10.6 percent higher than the median price of $225,990 in April of last year.

Of the 24 counties that provide data for the monthly report, only eight of the counties reported gains in home sales over the previous year with Talbot County (+77.3 percent) reporting the largest increase of counties with over 20 sales while Worcester County (-26.8 percent) posted the largest monthly decline in sales.

Montgomery County recorded the most sales for the month with an estimated 872 home sales, up from 730 the previous month, while Prince George’s County followed with an estimated 649 home sales for the month, down slightly from 653 in March.

Year-over-year, twenty-one counties posted an increase in their median prices or were unchanged from the previous month with the largest increase posted by Talbot County (+88.3 percent) with Washington County (-6.7 percent) posting the largest decline in prices of counties that had a minimum of 20 sales.

The total number of homes available for sale increased slightly in April with 28,607 homes actively available. That’s up slightly from 27,280 in March but down from 37,860 in April of 2011.

The increased home sales and the continuing low inventory left the state with an average 6.3 months supply of homes available for purchase, down from an 8.1 months supply in March and also down from the same amount a year earlier.

Tags: existing homes, condos, sales, median home prices, Maryland

Source:
MAR

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use

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