PRESS RELEASE
For more information: 800-638-6425 • Fax: 443-716-3511 • www.mdrealtor.org



IMMEDIATE RELEASE
Contact: Melissa Lutz
Maryland Association of REALTORS®
800-638-6425
melissa.lutz@mdrealtor.org


SECOND QUARTER STARTS ON A POSITIVE NOTE

 

The month of April confirmed the trend of market stabilization in the State of Maryland with a 13.8 percent increase in home sales, according to the Maryland Association of REALTORS(r), (MAR).  Average and median prices grew by 3.9 and 5.2 percent respectively as compared to the same period in 2015.

The Spring market has been a brisk market, with inventory not keeping up with demand." Said 2016 MAR President Bonnie Casper. "We've seen some growth in prices, but overall there's been stability and a very good environment for buyers and sellers." added Casper. "We're very optimistic that we have conditions for sustained, long term growth."

We are pleased with the pace of sales across the state in April,” said 2016 MAR President Bonnie Casper. “Once again, our chief area of concern is with the declining inventory,” added Casper. “Overall the months of inventory stand at just 3.9 months as compared to 4.8 months in April of 2015.”

 

Maryland monthly housing statistics are compiled by data as reported by MRIS and the Coastal Association of REALTORS®. 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.
*MAR publishes the Maryland Housing Statistics monthly; it is available through the Association’s website, www.mdrealtor.org.
  
The Maryland Association of REALTORS® is the largest Maryland professional trade association, serving over 22,000 members, and is dedicated to preserving the vitality of the real estate market. REALTOR® is a registered collective membership mark which may only be used by those real estate professionals who subscribe to the REALTOR® organization's strict Code of Ethics, and who are members of the National, State and Local REALTOR® organizations.

Housing Statistics: April 2016

 

Apr-16 Units Average Price Median Price Pending Units Active Inventory Months of Inventory
2016 2015 % Chg 2016 2015 % Chg 2016 2015 % Chg 2016 2015 2016 2015 2016 2015
Allegany 52 43 20.9% $103,002 $95,484 7.9% $79,500 $79,900 -0.5% 62 63 479 565 9.2 13.1
Anne Arundel 751 629 19.4% $355,488 $350,869 1.3% $300,000 $300,000 0.0% 1143 924 2680 3042 3.6 4.8
Baltimore City 715 684 4.5% $163,073 $146,535 11.3% $135,000 $102,750 31.4% 1091 1024 3209 3212 4.5 4.7
Baltimore County 895 740 20.9% $250,431 $241,019 3.9% $215,000 $205,000 4.9% 1234 1191 2888 2986 3.2 4.0
Calvert 132 126 4.8% $324,637 $297,288 9.2% $282,351 $280,000 0.8% 185 163 673 780 5.1 6.2
Caroline 33 35 -5.7% $176,538 $158,501 11.4% $159,900 $180,000 -11.2% 48 44 242 286 7.3 8.2
Carroll 224 200 12.0% $308,141 $288,550 6.8% $286,250 $286,750 -0.2% 325 283 820 880 3.7 4.4
Cecil 122 99 23.2% $204,480 $206,252 -0.9% $182,500 $175,000 4.3% 146 126 696 757 5.7 7.6
Charles 176 160 10.0% $265,230 $260,557 1.8% $260,000 $235,000 10.6% 326 304 888 843 5.0 5.3
Dorchester 23 39 -41.0% $243,702 $129,310 88.5% $128,650 $100,000 28.7% 55 40 323 348 14.0 8.9
Frederick 355 289 22.8% $284,358 $282,638 0.6% $265,000 $248,000 6.9% 546 486 1137 1161 3.2 4.0
Garrett 45 30 50.0% $257,670 $316,514 -18.6% $220,000 $262,500 -16.2% 38 48 461 505 10.2 16.8
Harford 274 248 10.5% $250,932 $254,610 -1.4% $234,500 $234,600 0.0% 487 422 1211 1385 4.4 5.6
Howard 342 295 15.9% $427,771 $418,302 2.3% $395,000 $390,000 1.3% 573 543 1117 1154 3.3 3.9
Kent 36 22 63.6% $220,036 $177,261 24.1% $156,750 $153,500 2.1% 49 25 317 374 8.8 17.0
Montgomery 1103 1016 8.6% $527,180 $514,000 2.6% $415,000 $405,450 2.4% 1619 1527 2913 2950 2.6 2.9
Prince George's 831 724 14.8% $252,782 $237,218 6.6% $242,500 $222,100 9.2% 1338 1205 1765 1786 2.1 2.5
Queen Anne's 63 57 10.5% $381,286 $300,097 27.1% $320,000 $269,000 19.0% 109 102 530 679 8.4 11.9
Somerset 24 18 33.3% $115,800 $71,767 61.4% $70,750 $51,500 37.4% 23 19 206 225 8.6 12.5
St. Mary's 129 94 37.2% $276,051 $226,651 21.8% $251,000 $219,250 14.5% 162 148 739 773 5.7 8.2
Talbot 59 53 11.3% $442,685 $411,153 7.7% $279,000 $252,000 10.7% 54 69 531 570 9.0 10.8
Washington 156 137 13.9% $186,829 $176,511 5.8% $174,250 $149,900 16.2% 209 225 791 857 5.1 6.3
Wicomico 80 82 -2.4% $160,429 $150,867 6.3% $161,450 $139,500 15.7% 134 104 560 601 7.0 7.3
Worcester 195 171 14.0% $264,508 $266,776 -0.9% $229,900 $225,000 2.2% 245 204 1578 1808 8.1 10.6
   
MARYLAND      6,815      5,991 13.8% $310,659 $298,866 3.9% $267,041 $253,954 5.2%       10,201       9,289        26,754        28,527 3.9 4.8
Reported by the MRIS and Coastal Association of REALTORS       NOTE: UNITS ARE THE "UNITS" SOLD, PENDING ARE UNDER CONTRACT

 

 

 

 

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