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


SEPTEMBER CONTINUES HEALTHY MARKET TRENDS

 

September marked the end of the third quarter of 2015, which continued the year-long trend of increased sales and price stabilization, according to the Maryland Association of REALTORS® (MAR). The number of homes sold rose by almost 16 percent from the same time in 2014 with sixteen of the twenty-four counties posting double-digit increases. Average and median prices essentially remained flat, with a slight decrease of 0.1 percent, while pending units are up by 19 percent since September of 2014.

“September has demonstrated that market conditions have stabilized in 2015,” said MAR President Bonnie Casper. She went on to add, “The last nine months of data has painted the same picture of increased sales and slight declines in average and median prices. Casper noted that the only area of concern is the tight supply of homes on the market. Statewide, there are 5 months of inventory, which is slightly less than a 6 month absorption rate.

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: September 2015

 

Sep-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 54 61 -11.5% $97,699 $89,777 8.8% $69,500 $78,250 -11.2% 55 66 604 565 11.2 9.3
Anne Arundel 693 552 25.5% $343,317 $378,819 -9.4% $289,900 $310,750 -6.7% 785 635 3349 3393 4.8 6.1
Baltimore City 590 555 6.3% $146,858 $154,607 -5.0% $112,000 $115,500 -3.0% 772 661 3601 3575 6.1 6.4
Baltimore County 882 713 23.7% $239,061 $252,858 -5.5% $199,950 $215,000 -7.0% 983 776 3627 3557 4.1 5.0
Calvert 125 99 26.3% $314,999 $332,991 -5.4% $295,000 $289,000 2.1% 131 118 862 822 6.9 8.3
Caroline 35 33 6.1% $156,118 $146,367 6.7% $145,000 $160,000 -9.4% 42 36 293 315 8.4 9.5
Carroll 179 155 15.5% $279,533 $298,787 -6.4% $265,000 $275,000 -3.6% 214 152 1002 1036 5.6 6.7
Cecil 105 100 5.0% $206,518 $231,165 -10.7% $206,000 $209,500 -1.7% 128 89 850 913 8.1 9.1
Charles 190 168 13.1% $275,129 $252,246 9.1% $258,500 $240,500 7.5% 215 196 1004 923 5.3 5.5
Dorchester 35 31 12.9% $143,971 $112,735 27.7% $138,020 $92,500 49.2% 34 36 389 370 11.1 11.9
Frederick 331 278 19.1% $312,089 $281,548 10.8% $279,900 $255,000 9.8% 358 317 1398 1300 4.2 4.7
Garrett 47 40 17.5% $330,977 $334,319 -1.0% $218,500 $228,500 -4.4% 47 45 594 676 12.6 16.9
Harford 275 252 9.1% $255,053 $261,567 -2.5% $225,000 $244,950 -8.1% 355 257 1472 1597 5.4 6.3
Howard 345 287 20.2% $433,052 $427,606 1.3% $370,000 $370,000 0.0% 386 329 1300 1302 3.8 4.5
Kent 28 18 55.6% $206,673 $312,361 -33.8% $171,000 $236,250 -27.6% 27 24 382 407 13.6 22.6
Montgomery 1012 884 14.5% $504,686 $496,193 1.7% $395,000 $390,000 1.3% 1121 997 3518 3371 3.5 3.8
Prince George's 823 676 21.7% $252,013 $236,025 6.8% $240,000 $225,000 6.7% 1106 936 2191 1991 2.7 2.9
Queen Anne's 82 62 32.3% $373,678 $357,887 4.4% $297,500 $278,650 6.8% 90 75 679 679 8.3 11.0
Somerset 19 15 26.7% $64,003 $128,007 -50.0% $50,000 $120,000 -58.3% 22 19 276 258 14.5 17.2
St. Mary's 115 97 18.6% $234,979 $262,971 -10.6% $219,900 $246,264 -10.7% 136 129 806 794 7.0 8.2
Talbot 44 54 -18.5% $491,105 $475,949 3.2% $329,000 $325,000 1.2% 72 43 599 598 13.6 11.1
Washington 155 129 20.2% $169,369 $178,036 -4.9% $155,000 $160,000 -3.1% 184 154 928 972 6.0 7.5
Wicomico 82 84 -2.4% $164,478 $146,997 11.9% $152,356 $155,250 -1.9% 89 84 623 631 7.6 7.5
Worcester 161 184 -12.5% $253,848 $276,921 -8.3% $217,500 $248,750 -12.6% 220 182 1744 1953 10.8 10.6
MARYLAND     6,407     5,527 15.9% $307,074 $307,531 -0.1% $260,126 $260,348 -0.1%     7,572     6,356     32,091     31,998 5.0 5.8
Reported by the MRIS and Coastal Association of REALTORS       NOTE: UNITS ARE THE "UNITS" SOLD, PENDING ARE UNDER CONTRACT

 

 

 

 

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