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Maryland Home Sales Jump in May, Housing Supply Tightens
Maryland Home Sales Jump in May, Housing Supply Tightens
Maryland Home Sales Jump in May, Housing Supply Tightens
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July 10, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums jumped by over 17 percent in Maryland during May while a dwindling housing inventory left only a 5.4 months supply of homes available for sale according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 5,328 existing single-family homes and condos were sold in the Old Line State in May. That was 17.2 percent higher than the 4,546 homes sold in April and was 10.5 percent higher than the 4,822 homes sold in May 2011.

The median sales price for an existing home in Maryland increased by 4.0 percent in May to $259,207, up from $249,975 in April and was 11.1 percent higher than the median price of $233,223 in May of last year.

Of the 24 counties that provide data for the monthly report, fifteen of the counties reported gains in home sales over the previous year with Talbot County (+100.0 percent) reporting the largest increase of counties with over 20 sales while Washington County (-16.8 percent) posted the largest monthly decline in sales.

Montgomery County recorded the most sales for the month with an estimated 1,073 home sales, up from 872 the previous month, while Prince George’s County followed with an estimated 719 home sales for the month, up from 649 in April.

Year-over-year, twenty counties posted an increase in their median prices or were unchanged from the previous month with the largest increase posted by Dorchester County (+59.3 percent) with Calvert 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 fell slightly in May with 28,557 homes actively available. That’s down slightly from 28,607 in April but down from 38,439 in May of 2011.

The increased home sales and the continuing low inventory left the state with an average 5.4 months supply of homes available for purchase, down from a 6.3 months supply in April 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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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.

July 10, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums jumped by over 17 percent in Maryland during May while a dwindling housing inventory left only a 5.4 months supply of homes available for sale according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 5,328 existing single-family homes and condos were sold in the Old Line State in May. That was 17.2 percent higher than the 4,546 homes sold in April and was 10.5 percent higher than the 4,822 homes sold in May 2011.

The median sales price for an existing home in Maryland increased by 4.0 percent in May to $259,207, up from $249,975 in April and was 11.1 percent higher than the median price of $233,223 in May of last year.

Of the 24 counties that provide data for the monthly report, fifteen of the counties reported gains in home sales over the previous year with Talbot County (+100.0 percent) reporting the largest increase of counties with over 20 sales while Washington County (-16.8 percent) posted the largest monthly decline in sales.

Montgomery County recorded the most sales for the month with an estimated 1,073 home sales, up from 872 the previous month, while Prince George’s County followed with an estimated 719 home sales for the month, up from 649 in April.

Year-over-year, twenty counties posted an increase in their median prices or were unchanged from the previous month with the largest increase posted by Dorchester County (+59.3 percent) with Calvert 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 fell slightly in May with 28,557 homes actively available. That’s down slightly from 28,607 in April but down from 38,439 in May of 2011.

The increased home sales and the continuing low inventory left the state with an average 5.4 months supply of homes available for purchase, down from a 6.3 months supply in April 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

July 10, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums jumped by over 17 percent in Maryland during May while a dwindling housing inventory left only a 5.4 months supply of homes available for sale according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 5,328 existing single-family homes and condos were sold in the Old Line State in May. That was 17.2 percent higher than the 4,546 homes sold in April and was 10.5 percent higher than the 4,822 homes sold in May 2011.

The median sales price for an existing home in Maryland increased by 4.0 percent in May to $259,207, up from $249,975 in April and was 11.1 percent higher than the median price of $233,223 in May of last year.

Of the 24 counties that provide data for the monthly report, fifteen of the counties reported gains in home sales over the previous year with Talbot County (+100.0 percent) reporting the largest increase of counties with over 20 sales while Washington County (-16.8 percent) posted the largest monthly decline in sales.

Montgomery County recorded the most sales for the month with an estimated 1,073 home sales, up from 872 the previous month, while Prince George’s County followed with an estimated 719 home sales for the month, up from 649 in April.

Year-over-year, twenty counties posted an increase in their median prices or were unchanged from the previous month with the largest increase posted by Dorchester County (+59.3 percent) with Calvert 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 fell slightly in May with 28,557 homes actively available. That’s down slightly from 28,607 in April but down from 38,439 in May of 2011.

The increased home sales and the continuing low inventory left the state with an average 5.4 months supply of homes available for purchase, down from a 6.3 months supply in April 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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