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 OF 2015 ENDS ON A HIGH NOTE

 

June monthly housing statistics continue the year-long trend of a robust residential sales market, according to the Maryland Association of REALTORS® (MAR). Home sales rose by more than 22 percent in last month, compared to June 2014.

Pending units, and indicator of future sales, remained strong, increasing by more than 1,300 homes or 8 percent over a year ago. Both average and median sales price dipped slightly. Active inventory or homes for sale grew by more than 700 homes, while months of inventory declined to 3.9 months from 4.7 months a year ago.

“We have had six months of an extremely active residential sales market,” said MAR President Janice Kirkner. “Buyers are clearly enthusiastic, and we are hopeful that inventory keeps pace with demand.”

 

 

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: June 2015

 

Jun-15 Units Average Price Median Price Pending Units Active Inventory Months of Inventory
2015 2014 % Chg 2015 2014 % Chg 2015 2014 % Chg 2015 2014 2015 2014 2015 2014
Allegany 52 34 52.9% $106,476 $109,857 -3.1% $103,750 $107,000 -3.0% 73 61 608 573 11.7 16.9
Anne Arundel 888 754 17.8% $379,913 $382,725 -0.7% $322,000 $328,250 -1.9% 900 788 3259 3289 3.7 4.4
Baltimore City 820 683 20.1% $184,536 $188,275 -2.0% $145,000 $151,000 -4.0% 817 760 3503 3361 4.3 4.9
Baltimore County 1045 831 25.8% $261,087 $289,134 -9.7% $226,000 $236,000 -4.2% 1175 920 3428 3262 3.3 3.9
Calvert 152 109 39.4% $325,595 $337,123 -3.4% $289,500 $330,000 -12.3% 164 137 897 839 5.9 7.7
Caroline 41 31 32.3% $147,132 $136,869 7.5% $150,000 $119,900 25.1% 52 51 293 318 7.1 10.3
Carroll 281 227 23.8% $310,360 $314,710 -1.4% $300,000 $305,000 -1.6% 249 196 1003 957 3.6 4.2
Cecil 108 78 38.5% $288,760 $218,931 31.9% $199,950 $211,975 -5.7% 153 103 845 907 7.8 11.6
Charles 221 185 19.5% $274,931 $257,987 6.6% $269,000 $254,000 5.9% 295 233 950 885 4.3 4.8
Dorchester 34 32 6.3% $183,306 $156,324 17.3% $161,500 $108,450 48.9% 37 35 380 389 11.2 12.2
Frederick 483 314 53.8% $303,142 $321,882 -5.8% $275,000 $296,100 -7.1% 440 384 1338 1228 2.8 3.9
Garrett 39 26 50.0% $287,657 $247,683 16.1% $230,000 $208,000 10.6% 45 35 632 668 16.2 25.7
Harford 361 267 35.2% $267,651 $274,379 -2.5% $239,900 $245,000 -2.1% 433 321 1509 1516 4.2 5.7
Howard 478 392 21.9% $455,791 $434,098 5.0% $420,000 $400,584 4.8% 493 414 1323 1292 2.8 3.3
Kent 32 26 23.1% $354,350 $276,475 28.2% $217,500 $204,750 6.2% 27 22 386 406 12.1 15.6
Montgomery 1393 1260 10.6% $529,011 $521,323 1.5% $425,000 $415,000 2.4% 1360 1196 3433 3127 2.5 2.5
Prince George's 852 730 16.7% $245,626 $244,306 0.5% $240,000 $230,000 4.3% 1158 1049 1931 1856 2.3 2.5
Queen Anne's 108 61 77.0% $365,878 $356,384 2.7% $305,000 $310,000 -1.6% 104 88 676 673 6.3 11.0
Somerset 20 18 11.1% $66,335 $106,275 -37.6% $56,500 $89,000 -36.5% 17 18 247 295 12.4 16.4
St. Mary's 133 104 27.9% $279,975 $281,948 -33.5% $267,000 $272,250 -1.9% 173 135 823 787 6.2 7.6
Talbot 46 51 -9.8% $433,507 $404,046 7.3% $252,450 $295,000 -14.4% 67 47 598 605 13.0 11.9
Washington 186 139 33.8% $179,269 $201,801 -11.2% $162,250 $180,000 -9.9% 202 160 946 917 5.1 6.6
Wicomico 118 64 84.4% $154,398 $161,409 16.4% $142,500 $139,950 46.8% 115 97 628 623 5.3 9.7
Worcester 189 177 6.8% $249,141 $231,496 2.9% $225,000 $199,900 0.5% 189 145 1839 1954 9.7 11.0
MARYLAND     8,080     6,593 22.6% $326,026 $332,122 -1.8% $281,030 $284,618 -1.3%     8,738     7,395     31,475     30,727 3.9 4.7
Reported by the MRIS and Coastal Association of REALTORS       NOTE: UNITS ARE THE "UNITS" SOLD, PENDING ARE UNDER CONTRACT

 

 

 

 

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