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Maryland Home Sales Edge Higher in August
Maryland Home Sales Edge Higher in August
Maryland Home Sales Edge Higher in August
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October 10, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums edged slightly higher in Maryland during August while monthly home prices fell for the second consecutive month according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 5,230 existing single-family homes and condos were sold in the Old Line State in August. That was 108 sales higher than the 5,122 homes sold in July and was 9.6 percent higher than the 4,772 homes sold in August 2011.

The median sales price for an existing home in Maryland fell by 2.4 percent in August to $255,498, up from $261,722 in July but was still 5.9 percent higher than the median price of $241,305 in August of last year.

Of the 24 counties and cities that provide data for the monthly report, sixteen reported gains in home sales or were unchanged over the previous year with Queen Anne’s County (+23.7 percent) reporting the largest increase of counties with over 20 sales while Allegany County (-33.3 percent) posted the largest monthly decline in sales.

Montgomery County recorded the most sales for the month with an estimated 934 home sales, down from 972 the previous month, while Prince George’s County followed with an estimated 702 home sales for the month, down slightly from 712 in July.

Year-over-year, seventeen counties or cities posted an increase in their median prices or were unchanged from the previous month with the largest increase posted by Baltimore City (+43.2 percent) with Cecil County (-10.2 percent) posting the largest decline in prices of counties or cities that had a minimum of 20 sales.

Housing inventory continued to be tight in the state as the total number of homes for sale fell again in August with 26,857 homes actively available. That’s down from 27,309 in July and down from 36,501 in August of 2011.

The increase in sales and the dwindling inventory left the state with an average 5.1 months supply of homes available for purchase, down from a 5.3 months supply in July and also down from a 7.6 months supply a year earlier.

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

Source:
MAR

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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.
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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.
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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.
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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
Mortgage
Calculator
Estimate your monthly mortgage payment
Auto Loan
Calculator
Determine how much car you can afford before buying
Learn About
Mortgage Loans
Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison
Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates
See today's mortgage rates. Shop, compare and save.

October 10, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums edged slightly higher in Maryland during August while monthly home prices fell for the second consecutive month according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 5,230 existing single-family homes and condos were sold in the Old Line State in August. That was 108 sales higher than the 5,122 homes sold in July and was 9.6 percent higher than the 4,772 homes sold in August 2011.

The median sales price for an existing home in Maryland fell by 2.4 percent in August to $255,498, up from $261,722 in July but was still 5.9 percent higher than the median price of $241,305 in August of last year.

Of the 24 counties and cities that provide data for the monthly report, sixteen reported gains in home sales or were unchanged over the previous year with Queen Anne’s County (+23.7 percent) reporting the largest increase of counties with over 20 sales while Allegany County (-33.3 percent) posted the largest monthly decline in sales.

Montgomery County recorded the most sales for the month with an estimated 934 home sales, down from 972 the previous month, while Prince George’s County followed with an estimated 702 home sales for the month, down slightly from 712 in July.

Year-over-year, seventeen counties or cities posted an increase in their median prices or were unchanged from the previous month with the largest increase posted by Baltimore City (+43.2 percent) with Cecil County (-10.2 percent) posting the largest decline in prices of counties or cities that had a minimum of 20 sales.

Housing inventory continued to be tight in the state as the total number of homes for sale fell again in August with 26,857 homes actively available. That’s down from 27,309 in July and down from 36,501 in August of 2011.

The increase in sales and the dwindling inventory left the state with an average 5.1 months supply of homes available for purchase, down from a 5.3 months supply in July and also down from a 7.6 months supply a year earlier.

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

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

October 10, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums edged slightly higher in Maryland during August while monthly home prices fell for the second consecutive month according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 5,230 existing single-family homes and condos were sold in the Old Line State in August. That was 108 sales higher than the 5,122 homes sold in July and was 9.6 percent higher than the 4,772 homes sold in August 2011.

The median sales price for an existing home in Maryland fell by 2.4 percent in August to $255,498, up from $261,722 in July but was still 5.9 percent higher than the median price of $241,305 in August of last year.

Of the 24 counties and cities that provide data for the monthly report, sixteen reported gains in home sales or were unchanged over the previous year with Queen Anne’s County (+23.7 percent) reporting the largest increase of counties with over 20 sales while Allegany County (-33.3 percent) posted the largest monthly decline in sales.

Montgomery County recorded the most sales for the month with an estimated 934 home sales, down from 972 the previous month, while Prince George’s County followed with an estimated 702 home sales for the month, down slightly from 712 in July.

Year-over-year, seventeen counties or cities posted an increase in their median prices or were unchanged from the previous month with the largest increase posted by Baltimore City (+43.2 percent) with Cecil County (-10.2 percent) posting the largest decline in prices of counties or cities that had a minimum of 20 sales.

Housing inventory continued to be tight in the state as the total number of homes for sale fell again in August with 26,857 homes actively available. That’s down from 27,309 in July and down from 36,501 in August of 2011.

The increase in sales and the dwindling inventory left the state with an average 5.1 months supply of homes available for purchase, down from a 5.3 months supply in July and also down from a 7.6 months supply a year earlier.

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

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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